ICO

May
02

ASIC announces action on misleading or deceptive conduct in ICOs

ASIC has already taken action against suspicious ICOs. ASIC chairman John Price recently warned that Australian consumer law would apply to ICOs, even if they were extended from overseas. On 1 May ASIC announced that this would start taking the form of a crackdown on deceptive or misleading conduct by ICOs, which is prohibited under […]

By Reposted by Australian FinTech | FinTech . Investing
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Apr
30

ASIC looking to regulate overseas ICOs under Australian laws

Australian regulations may apply to ICOs, even when created and offered overseas, warns commissioner. ASIC will be eyeing initial coin offerings (ICOs) as it moves to update its guidelines for companies raising funds by issuing digital currencies or tokens. Specifically, it warns that Australian laws may apply to ICOs even when they’re created and offered […]

By Reposted by Australian FinTech | FinTech . Investing
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Apr
27

ASIC turns attention to initial coin offerings

As a method of raising funds. Initial coin offerings (ICOs) 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. The Australian Securities and Investments Commission (ASIC) will expand the scope of its guidance in coming weeks to include […]

By Reposted by Australian FinTech | FinTech . Investing
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Apr
22

How a Brisbane-based startup protects global initial coin offerings from hackers

Brisbane-based cyber security company Entersoft has successfully helped launch and protect $US1 billion of initial coin offerings to the world market without a single hack or lost token value. And the security support service for ICOs, which includes anti-phishing and smart contract security, has been operating for just 10 months. Entersoft has since mid-2017 helped […]

By Reposted by Australian FinTech | Blockchain . Currency . FinTech . Investing
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Apr
11

Initial coin offerings challenge traditional venture capital

Satoshi Nakamoto, whoever he or she is, probably didn’t consider the effect blockchain would have on the innovation ecosystem when they launched the first usable blockchain in 2009. Regardless, amid all the cryptocurrency hype, it’s clear a new pathway for start-ups is emerging. With a growing number of technology projects turning to initial coin offerings […]

By Reposted by Australian FinTech | Blockchain . FinTech . Investing . Venture Capital
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Mar
22

Aussie blockchain company Power Ledger is consulting with the ATO to shape how ICO proceeds are taxed

Australian crypto sector darling Power Ledger has revealed it’s in consultation with the Australian Taxation Office (ATO) to develop a proposition on how initial coin offerings (ICOs) should be treated in Australia. Power Ledger, which completed a $34 million ICO in October last year, has long been an advocate for heightened transparency and caution around […]

By Reposted by Australian FinTech | Blockchain . FinTech . Investing
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Mar
14

DigitalX Ltd teams with MailGuard to develop blockchain based cybersecurity network

DigitalX was recently appointed as adviser for two major initial coin offerings. DigitalX Ltd (ASX:DCC) has been appointed corporate advisor to MailGuard, the world’s largest private Software as a Service (SaaS) email security company. DigitalX will advise MailGuard in the development of a blockchain cybersecurity ecosystem called GlobalGuard. Based out of Perth and New York, […]

By Reposted by Australian FinTech | Blockchain . Currency . FinTech
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Mar
07

Private wealth platform appoints ASX-listed corporate adviser

A blockchain-based private wealth platform that created China’s first robo-advice solution appointed an ASX-listed corporate advisory firm for its initial coin offering (ICO). Bankorus, which now advises more than 200,000 high-net-worth investors representing an aggregate US$30 billion in assets, will partner with DigitalX (ASX:DCC) to launch its ICO. DigitalX is based in Perth and New […]

By Reposted by Australian FinTech | ASX . Blockchain . FinTech . Investing
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