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Aussie blockchain startup Power Ledger wants changes to ICO tax rules | ZDNet

Aussie blockchain startup Power Ledger wants changes to ICO tax rules | ZDNet

The Australian Securities and Investments Commission (ASIC) has been cracking down on initial coin offerings (ICOs), having stopped several proposed ICOs and issuing investor warnings since mid-2017. ASIC considers ICOs as speculative, high-risk investments. An ICO is a form of crowdfunding that can be a source of capital for startups.




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