The news comes when Bitcoin Group, which is heading towards its first IPO, got red light from the Australian Securities Exchange. It is not the first time the Australian Securities and Investment Commission rejects the company’s application.

The Australian Prime Minister Mr. Turnbull took part in the presentation of the share-purchasing app On-Market, which collaborates with Bitcoin Group for its upcoming IPO. During the presentation, the Prime Minister demonstrated the process of purchasing the company's shares, which was broadly interpreted as a real bid. It was not until now that any clarification was made to mark that Mr. Turnbull was not investing into the Bitcoin Group himself.

The company also admits that the original Wechat article implying that the PM had made a real bid included another “inaccuracy” regarding the Bitcoin Group's profits, supposedly based on some draft data which, if not totally misleading, was yet to get undisclosed to the public. The data included the $30,000 overestimation of the Bitcoin Group's profit.

Last month BnkToTheFuture launched a SVP to invest into the company.


Maria Rudina