The Australian Securities and Investments Commission (ASIC) said the advertisements made “false, misleading or deceptive representations” that consumers will be able to exchange Qoin tokens “for other crypto-assets or fiat currency (such as Australian dollars) through independent exchanges” and that there was “an increasing number of merchants” who would accept it, according to the release.
Source: https://www.coindesk.com/policy/2022/10/25/australian-markets-regulator-sues-promoter-of-crypto-token-qoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines