Regulator raps Australian bitcoin IPO hopeful for China social media marketing

By February 12, 2015Bitcoin Business

SYDNEY (Reuters) – Regulators ordered Australia’s Bitcoin Group Ltd to stop making public statements about its plans to undertake the world’s first initial public offering of a virtual currency exchange after the company approached potential Chinese investors via social media.

Melbourne-based start-up Bitcoin Group told Reuters in December it hoped to raise A$20 million ($15.6 million) on the Australian Stock Exchange and has been seeking expressions of interest from potential investors from the Chinese community […]

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