[2018-04-26] Australian Regulator to Come to Grips with ICO

[Rick Nolan]

Initial coin offerings (ICO) will be a “key focus” for Australia’s corporate watchdog as it looks to update guidance on companies considering raising funds by issuing digital coins or tokens, a top official said on Thursday.

The Australian Securities & Investments Commission intends to update guidance on companies considering raising funds by issuing digital coins or tokens, stating that Initial coin offerings (ICO) will be a “key focus”, Commissioner John Price said on Thursday. The Commission will expand the scope of its guidance in coming weeks to include more questions and details on ICOs.

Read more:https://hype.codes/australian-regulator-come-grips-ico

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[Vektrum]

I would like to hear what exactly is in the ICO and how the Commission on Securities of Australia will regulate it. While all this is at the level of general conversations without any specific data. Earlier, the intention to regulate the ICO process was announced in France, Russia and Japan. However, this is also at the level of talking.