Australian Regulators halt Bitcoin, Ethereum funds for Investment firm
The Australian Securities and Investments Commission has passed interim stop orders against asset manager Holon Investments from offering or distributing three crypto-related funds—tracking Bitcoin, Ethereum, and FileCoin—to investors. Per the official statement, the said decision has been passed due to Holon’s non-compliant target market determinations [TMDs]. Australia’s apex market regulator made interim orders to protect retail investors from potentially investing in funds that may not be suitable for their financial objectives, situation, or needs. ASIC has made interim stop orders preventing Holon Investments Australia Limited from offering or distributing three funds to retail investors because of non-compliant target market determinations. https://t.co/AXpqgdAQnl — ASIC Media (@asicmedia) October 16, 2022 The official statement noted, The interim orders stop Holon from issuing interests in, giving a product disclosure statem...