A proposed Bitcoin producer has been ordered to stop seeking support on social media for a potential share market listing.

Bitcoin Group has been seeking expressions of interest from potential investors, mainly in China, on social media app Wechat, the Australian Securities and Investments Commission (ASIC) said.

But the company is yet to lodge with ASIC a prospectus, a document required from companies seeking investors.

“Any statements made about a potential offer may influence the investment decisions of consumers who will not have the benefit of all material information that would be included in a prospectus,” ASIC commissioner, John Price said.

A stop order has been placed on Bitcoin Group.

AAP