Share this article
BTC
$85,145.31
+
0.91%ETH
$1,604.89
+
1.38%USDT
$0.9997
+
0.00%XRP
$2.0763
+
0.56%BNB
$589.55
-
0.68%SOL
$138.78
+
4.40%USDC
$0.9998
-
0.00%DOGE
$0.1576
+
0.73%TRX
$0.2412
-
0.75%ADA
$0.6219
+
0.89%LEO
$9.3000
+
3.02%LINK
$12.74
+
1.79%AVAX
$19.68
+
4.04%XLM
$0.2448
+
1.32%TON
$2.9680
-
0.92%SHIB
$0.0₄1216
+
0.17%HBAR
$0.1650
+
0.50%SUI
$2.1391
+
1.41%BCH
$334.73
-
2.00%HYPE
$18.03
+
9.54%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Australian Securities Regulator Puts Brakes on Bitcoin IPO
An Australian cryptocurrency firm is facing fresh delays on its road to debuting on the Australian Securities Exchange.
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.
STORY CONTINUES BELOW
According to the ASIC's website, such orders may be issued if any documents submitted contain "misleading or deceptive" content, omit any required information or are subject to pending revision following entry.
ASIC initially extended the exposure period on 6th July before issuing the interim stop order one week later.
Bitcoin Group received a public scolding by ASIC in February after the company used social media channels to garner interest in its anticipated stock offering. At the time, the regulator said that the company must file a prospectus before such statements could be made. Bitcoin Group announced that it had filed its prospectus on 29th June.
ASIC and Bitcoin Group did not immediately respond to requests for comment.
Hat tip to LeapRate
Stop sign image via Shutterstock
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry.
Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (See: Editorial Policy).
