Share this article
Bitcoin Group Scolded by Regulator After IPO Statements
Updated Sep 11, 2021, 11:31 a.m. Published Feb 13, 2015, 12:46 p.m.
Make us preferred on GoogleThe Australian Securities and Investments Commission (ASIC) has banned a bitcoin company from issuing statements on its proposed initial public offering (IPO) until a formal prospectus has been lodged.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The ban was imposed following a post by Melbourne-based Bitcoin Group on social media platform Wechat to gauge interest from investors if the company were to be listed on the Australian SecuritiesExchange (ASX).
ASIC commissioner John Price said:
"ASIC will often review pre-prospectus advertising or publicity to ensure legal requirements are being met. This is because any statements made about potential offers may influence the investment decisions of consumers who will not have the benefit of all material information that would be included in a prospectus."
The commissioner said companies should be fully aware of their obligations regarding advertising and publicity prior to an IPO.
"If they do not observe these requirements, then ASIC will take necessary action so that investment decisions are made in a confident and fully informed environment,” he added.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin and ether volatility trading gets easier with Polymarket's new contracts
Polymarket has launched new prediction markets tied to Volmex's bitcoin and ether 30-day implied volatility indices.
What to know:
- Polymarket has launched new prediction markets tied to Volmex's bitcoin and ether 30-day implied volatility indices, allowing users to bet on how high volatility will get in 2026.
- The contracts pay out if volatility indices reach or exceed a preset level by Dec. 31, 2026, letting traders wager on the intensity of price swings rather than market direction.
- Early trading implies roughly a one-in-three chance that bitcoin and ether volatility will nearly double from current levels.
Top Stories
