Carey Olsen Advises AX1 On The Launch Of Crypto Mining ICO

Carey Olsen has advised AX1 Limited on the initial coin offering (ICO) of its AX1 Token. The ICO proceeds will be invested by AX1 Limited's subsidiary into a cryptocurrency mining operation based in the United Kingdom.

Partner Chris Griffin led the Carey Olsen team advising AX1 Limited and was assisted by associate Joseph Barker-Willis. Carey Olsen once again worked closely with the Jersey Financial Services Commission (JFSC) to shepherd the ICO through JFSC approval.

Stuart Anderson, CEO of AX1, said: "Many ordinary investors were watching perplexed from the sidelines last year when they saw such activity with Bitcoin and other currencies. We believed the cryptocurrency market could offer a much better – and potentially more fruitful – way for those people to get involved who did not necessarily have the same level of technical knowledge that most crypto investors had.