Australian Regulators Bash Bitcoin Miner for Seeking Investment before Registration
The Australian Securities and Investment Commission (ASIC) recently barred Bitcoin Group Limited from making public statements about its initial public offering. The news hit the glare when the aforementioned Melbourne-based Bitcoin mining startup was found to have sought investment from Chinese investors while citing 'half-baked' plans to get listed on Australian Stock Exchange. According to the ASIC, the company was publicizing its IPO even before complying with the existing obligations. "The publications were made before Bitcoin Group was registered as an Australian company by ASIC and....
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