Australian ASIC Chairman: Cryptocurrencies are regulated by ASIC

Golden Finance reports that Joe Longo, chairman of the Australian Securities and Investments Commission (ASIC), said that contrary to popular belief, although cryptocurrencies may not be fully regulated, because ASIC treats it as a bond, this means that ASIC’s regulatory authority is also Cryptoassets are covered. Joe Longo also argued that many cryptocurrency investors don’t fully understand what they are investing in.