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RE: ASIC Starts To Clamp Down On ICO's
Not good for small players who face increased red tape and barrier to entry. The message is simple - if you want to ICO then don't do it in Australia.
Not good for small players who face increased red tape and barrier to entry. The message is simple - if you want to ICO then don't do it in Australia.
Well, I read it as "if you are going to do an ICO, do a legitimate one..."
Don't do a "Dodgy brothers special".
Simple as that really.
I don't even know why you'd consider Aust when there are a bunch of countries who've set up crypto friendly regs. Malta, Gibralter and Bermuda are leading the race. If you do it in Australia, you're an idiot.
It really depends on the business, their goals and the overall image/security that they wish to set as a precedence.
If ASIC with its efforts helps make Australia one of the safest countries for ICO's, then that will be a world first.
Imagine when people look through all the "ICO's" and they know that an ICO in Australia is 100% safe.
Like I say, is the glass half full or half empty.