Bitcoin Group delays public listing on Australian Stock Exchange

The Bitcoin Group has delayed its public listing on the Australian Stock Exchange in order to provide further information about the currency to the exchange.

The company has been seeking to become the second listed bitcoin entity in Australia. But the crypto currency operators have faced a series of setbacks and have now reportedly had six delays to the listing.

Bitcoin is a form of digital currency that involves complex computer processing in order to generate more currency, in a processing known as “mining”. The Bitcoin Group is a company, founded by the Australian Sam Lee, as well as Ryan Xu and Allan Guo, that mines bitcoin and provides services to investors who are interested in the currency.

Bitcoin Group told investors on Friday in a statement to confirm the company had raised approximately $5.9m for the listing that it would inform investors of when it would be listed.

“Investors will appreciate that ‘block chain’ is a new technology and we are working with ASX to satisfy its request for additional information as part of the listing application process,” the email to

Read more ... source: TheBitcoinNews