Tag Australia
Billionaire’s Lawsuit Over Crypto Scam Ads Dismissed by Australian Court
ASIC Targets Unlicensed Blockchain Firms, Court Grants $40 Mln Crypto Transfer
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…
CoinCodeCap WeekInFocus: March 24, 2024
Australian Regulator Developing Outcome-Based Crypto Policies
Australian Court Rules Finder’s Earn Product Compliant
Former Blockchain Global Director Bound to Australia Amid Proceedings
Australian Tax Office to Impose Capital Gains Tax for Wrapped Crypto Tokens
Key Takeaways The Australian Taxation Office (ATO) has clarified its position on the capital gains tax (CGT) treatment of decentralized finance (DeFi) and the wrapping of crypto tokens, emphasizing its commitment to taxing Australians on capital gains during the wrapping…
Court Rules Against Crypto Exchange Block Earner, ASIC Wins Case
Key Takeaways Block Earner, a startup in the fintech space, found itself entangled in legal proceedings after offering consumers its Earner product from March 2022 to November 2022, promising fixed yield returns from various crypto-assets. However, a recent ruling by…
Australian Crypto Exchange CoinSpot Suffers $2.4 Million Hack
Key Takeaways Australian cryptocurrency exchange CoinSpot has reportedly fallen victim to a major security breach, resulting in the loss of approximately $2.4 million in digital assets. The breach is believed to have stemmed from a probable private key compromise impacting…