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ASX to crack down on cryptocurrency 'tulip bubble'

Misa Han

The Australian Securities Exchange is cracking down on initial coin offerings to prevent consumers harming themselves by participating in speculative cryptocurrency investments.

Speaking at the Governance Institute of Australia forum on Tuesday, Kevin Lewis, the Australian Securities Exchange chief compliance officer, said cryptocurrency and initial coin offerings (ICOs) were a key focus of the ASX.

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Misa Han writes on news and business from our Sydney newsroom. Connect with Misa on Twitter. Email Misa at misa.han@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/asx-to-crack-down-on-cryptocurrency-tulip-bubble-20190618-p51yr9