ASIC updates information for businesses on ICOs and crypto-assetsMay 30, 2019

ASIC has released new information to help businesses involved with initial coin offerings (ICOs) and crypto-assets to consider their legal obligations and satisfy themselves they are operating lawfully. ASIC has updated Information Sheet 225 Initial coin offerings and crypto-assets (INFO 225) based on our recent experiences with ICOs and crypto-assets, which indicate that ICOs and crypto-assets will often be financial products or involve financial products that are regulated under the Corporations Act. INFO 225 provides information on how the Corporations Act may apply to businesses that are considering raising funds through an ICO and to businesses involved with crypto-assets.

click here for INFO225 >>Initial coin offerings and crypto-assets _ ASIC – Australian Securities and Investments Commission

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