Global Tech Exchange, an Australian startup planning to raise $50 million through an ICO, has had its crowdfunding effort put on hold by the Australia Securities Investments Commission (ASIC). Global Tech wanted to raise between $10-$50 million in order to fund the development of a cryptocurrency trading desk.At present, Global Tech has not shared how much money its crowdfunding campaign had raised, however, it claims to have followed through on ASIC’s orders to issue refunds to those who had invested in its project.
