Regulator raps Australian bitcoin IPO hopeful for China social media marketing

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 …

from Google News, Yahoo! News, Wikinews, NY Times National News by search term http://ift.tt/1J6ZadG
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