Crypto assets and ICO guidelines Updated By ASIC

The crypto business in Australia has got a new updated regulatory guidance from the Australian Securities and Investments Commission (ASIC). John Price, ASIC commissioner explained, “Australian laws will also apply even if the ICO or crypto-asset is promoted or sold to Australians from offshore. Issuers of ICOs, crypto-assets and their advisers should not assume the use of these structures means that key consumer protections under Australian laws do not apply or can be ignored.”

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