The Australian Federal Court has delivered a significant ruling in favour of Block Earner, a crypto lending platform, marking a pivotal moment for the digital asset industry in Australia. The decision, handed down in Sydney, represents a major setback for the Australian Securities and Investments Commission (ASIC), which had accused ...
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance's Australian operator, Oztures Trading Pty Ltd. The regualtor accused the crypto derivatives platform of misclassifying over 500 retail clients as wholesale investors, and thus, denying these clients essential legal protections under Australian financial laws. In a December ...
Australian regulators are ramping up efforts to tighten oversight of the country's cryptocurrency market, with the Australian Securities and Investments Commission (ASIC) leading the charge. On December 4, ASIC released Consultation Paper 381, which outlines strategies to close regulatory gaps in the sector and ensure adherence to current financial regulations. ...
The Australian Securities and Investments Commission (ASIC) has charged Grant Colthup, the former CEO of Mine Digital, with fraud after a customer allegedly failed to receive Bitcoin valued at 2.2 million Australian dollars (around $1.47 million) in July 2022. Mine Digital, which operated a cryptocurrency exchange from May 2019 until ...
Australian regulators are reportedly drafting new legislation that will mandate cryptocurrency exchanges to obtain financial services licences, with updated regulatory guidance set to be released within the next two months. Alan Kirkland, a commissioner at the Australian Securities and Investments Commission (ASIC), announced the regulator's plans during the AFR Crypto ...
Miami-based cryptocurrency mining company Hut 8 has strengthened its partnership with the mining equipment manufacturer Bitmain. Both companies just unveiled plans to launch the U3S21EXPH, an advanced ASIC mining machine boasting speeds of up to 860 TH/s. According to a press release published on September 19, the machine, slated for ...
The Australian Securities and Investments Commission (ASIC) has secured a legal victory against Bit Trade, the operator of Kraken's services in Australia, over its non-compliance with design and distribution regulations. Today, Friday, August 23, an Australian Federal Court ruled against Bit Trade and found it guilty of breaching section s994B(2) ...
The Australian Securities and Investments Commission (ASIC) has terminated the license of Oztures Trading Pty Ltd, which trades as Binance Australia Derivatives, following a focused investigation into Binance's activities in the country. A statement released by ASIC has revealed that as of April 14, 2023, customers of Binance Australia Derivatives ...
