Bitcoin Miner Faces New Pressure from Australian Regulator
Australian bitcoin firm Bitcoin Group is hiring a bitcoin expert after the country's top regulator raised fresh concerns amid the firm's bid to launch an initial public offering (IPO). Bitcoin Group filed its second supplementary prospectus on Friday, 20th November, a move that pushed the firm's IPO closing date to 8th January of next year. According to the company, the Australian Securities and Investment Commission (ASIC) has prompted the firm to hire "an appropriately qualified independent expert" who, according to the note, will: "...respond to issues raised by ASIC concerning the....
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An Australian cryptocurrency firm is facing fresh delays on its road to debuting on the Australian Securities Exchange. Australia's chief securities regulator, the Australian Securities and Investment Commission (ASIC), has issued an interim stop order on the investment prospectus submitted by Bitcoin Group Ltd for undisclosed reasons. According to the ASIC's website, such orders may be issued if any documents submitted contain
The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is that Meta is responsible for these ads that it publishes on its platform.”
Meta Sued for Publishing Cryptocurrency Scam Ads
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Australian bitcoin miner Bitcoin Group’s official public float on the Australian Securities Exchange (ASX) fell significantly short of its goal of raising $20 million AUD. The cryptocurrency miner raised $367,902.20 AUD. Melbourne-based Bitcoin Group, a miner that has repeatedly attempted to become the world’s first publically floated Bitcoin trading company had the date of closure of its IPO on January 25. The miner offered investors 100 million shares at 20 cents per share, hoping to raise $20 million AUD. However, the miner’s book building run on the ASX, which ended Monday raised just....
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....