Australia Blockchain Energy Startup Power Ledger Lambasted For Paying ‘Spruikers’

The company is receiving flak for misleading promotions made through its Community Advocate program. The Australian Financial Review reported on Thursday, December 27, that blockchain-based electricity-trading company Power Ledger has been criticized for rewarding “spruikers” (Australian slang for individuals who exaggerate to sell products). These individuals have reportedly “made misleading or exaggerated claims” online about…

Read more »

Aussie Regulator Discusses Applying Existing Laws To Overseas ICOs

An Australian financial services watchdog has stated that ICOs conducted abroad may be subject to Australian laws if they accept investment from “Australian consumers.” In an April 26 address, Commissioner John Price of the Australian Securities and Investments Commission (ASIC), the country’s “corporate, markets and financial services regulator,” said that the agency would update ICO…

Read more »