Archive: April 30, 2018

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ASIC: Australian laws still apply to ICOs created and offered overseas

ASIC: Australian laws still apply to ICOs created and offered overseas

By Jim Bulling and Edwin Tan

On 26 April 2018, John Price of the Australian Securities and Investments Commission (ASIC) highlighted in a speech that Australian corporate and consumer laws might still apply to ICOs created and offered from overseas, so long as they were offered and sold to Australian consumers.  Mr Price warned that there was an incorrect perception that Australian regulations did not apply to activities engaged from overseas.

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