RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Destructive ASIC places stop order on Bitcoin Group Fri Feb 13, 2015 7:44 pm | |
| An Australian bitcoin miner planning an Initial Public Offering on the Australian Securities Exchange has been wrist-slapped by the corporate regulator for publicising its float without a prospectus.
The miner, Bitcoin Group, is one of many around the world that create - "mine" - new bitcoin, the world's most widely used and accepted digital currency.
Bitcoin Group announced in October it aimed to raise $20 million from the sale of 100 million shares at 20 cents a share.
However, on Friday the Australian Securities and Investments Commission placed a stop order prohibiting Bitcoin Group from publishing any statements concerning the IPO until it lodged a prospectus.
http://www.smh.com.au/it-pro/asic-places-stop-order-on-bitcoin-group-20150213-13ebxi.html |
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