Australian regulator issues fresh guidance regarding ICOs and crypto assets, but gaps remain

The Australian Securities and Investments Commission (ASIC) has issued updated guidance to local cryptocurrency companies conducting initial coin offerings (ICOs).

In short, if their tokens fall under the category of a financial product or involve financial products like a security, an Australian financial services (AFS) license is required and the issuer must comply with the Corporations Act.

Original source
https://www.theblockcrypto.com/tiny/australian-regulator-issues-new-guidance-regarding-icos-and-crypto-assets/?utm_source=rss&utm_medium=rss&utm_campaign=default

Add comment

Please Sign in to be able to leave comments.