The Australian cryptocurrency sector is facing increased scrutiny by the country’s financial regulator. In its corporate action plan for 2018–2022, released on Friday, the Australian Securities and Investments Commission (ASIC) said it would keep a close eye on domestic cryptocurrency exchanges and Initial Coin Offerings (ICO).
“We will continue to focus on monitoring threats of harm from emerging products (e.g. ICOs and crypto currencies), cyber resilience, the adequate management of technological solutions by firms and markets, and misconduct that is facilitated by or through digital and/or cyber-based mechani...
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