Australian Bitcoin ‘Miner’ Withdraws IPO

MELBOURNE, Australia–Cryptocurrency “miner” Bitcoin Group Ltd. has pulled plans to float on the Australian securities exchange, blaming a call by the exchange to prove it will have enough capital to run its operations.

The company said Wednesday it had elected to withdraw from an initial public offering and would return money collected to investors. It planned to consider a fresh offer after a so-called block halving later in the…

mm – leading Bitcoin News source since 2012

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. The information does not constitute investment advice or an offer to invest.