Key Takeaways In a significant ruling for Australia’s cryptocurrency sector, the Full Federal Court has overturned a prior decision requiring fintech company Block Earner to hold a financial services license for its discontinued crypto-yield product, known as “Earner.” The decision,…
Key Takeaways The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives, alleging that the company misclassified over 500 retail investors as wholesale clients. The regulator stated that the misclassification denied the investors key consumer…
Key Takeaways Grant Colthup, the former CEO of Mine Digital, has been charged with fraud after allegedly misusing $1.47 million (AU$2.2 million) from a Bitcoin investor. On October 21, 2023, the Australian Securities and Investments Commission (ASIC) revealed the charges…
Key Takeaways Australian regulators are preparing new legislation that will require cryptocurrency exchanges to obtain financial services licenses. The move comes as part of a broader effort by the Australian Securities and Investments Commission (ASIC) to align the growing crypto…
The nation's top stock exchange is being sued by the ASIC on the grounds that it made “misleading and deceptive” representations.
Block Earner was exempted from paying a fine by an Australian federal court, even though the court found that Block Earner did not possess a license to provide a crypto product.
The Australian Securities & Investment Commission prevailed in court over BPS Financial.
Key Takeaways In a recent development, the Australian Securities and Investments Commission (ASIC) has taken decisive action against NGS companies and their directors. Brett Mendham, Ryan Brown, and Mark Ten Caten now face legal proceedings for allegedly enticing local investors…
The ASIC will concentrate on the intended regulatory results as it approaches developing and implementing several regulatory reforms for the crypto industry.
Amidst an investigation into his involvement in Blockchain Global's demise, the company's former director has been temporarily prohibited from leaving the nation.
