Bitcoin Group Scolded by Regulator After IPO Statements

The Australian Securities and Investments Commission (ASIC) has prohibited a bitcoin company from issuing statements on its recommended going public (IPO) until an official prospectus has actually been lodged.

The ban was enforced following a post by Melbourne-based Bitcoin Group on social media sites platform Wechat to evaluate interest from investors if the company were to be listed on the Australian SecuritiesExchange (ASX).

ASIC commissioner John Price stated:

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