Initial coin offerings (ICO) will be a “key focus” for Australia’s corporate watchdog as it looks to update guidance on companies considering raising funds by issuing digital coins or tokens, a top official said on Thursday.

The Australian Securities & Investments Commission intends to update guidance on companies considering raising funds by issuing digital coins or tokens, stating that Initial coin offerings (ICO) will be a “key focus”, Commissioner John Price said on Thursday. The Commission will expand the scope of its guidance in coming weeks to include more questions and details on ICOs.

Read more:https://hype.codes/australian-regulator-come-grips-ico