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Australia regulator warns of risks in digital coin offerings

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Published Thu, Sep 28, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Sydney

AUSTRALIA'S corporate watchdog on Thursday warned investors of the high risks associated with initial coin offerings (ICOs), joining a chorus of global regulators who have recently stepped up scrutiny of cryptocurrencies to defuse potential asset bubbles.

ICOs are popular with start-ups as a way to finance projects by selling digital coins or tokens. They have become a bonanza for entrepreneurs globally, fuelling a surge in the value of cryptocurrencies this year.

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