Australian Securities and Investments Commission said the scams have been falsely using celebrities, government agencies and other prominent brands without consent.
The updated ASIC guidance spells out the legal obligations cryptocurrency firms must discharge to operate lawfully in Australia.
Global Tech Exchange, a blockchain project out of Brisbane, Australia, was ordered to be shut down by the Australia Securities Investments Commission (ASIC).
The Australian Securities and Investments Commission (ASIC) is tightening its reins and has plans to shut down ICOs that are “misleading or deceptive.”
The Australian Securities and Investment Commission (ASIC) announced that it was going to increase its focus on the cryptocurrency sector.