The Australian Securities and Investments Commission (ASIC) confirmed on Tuesday that the Federal Court of Australia has ordered BPS Financial to pay $9.6 million in Penalties. BPS Financial owns and operates Block Trade Exchange and promotes a crypto product called Qoin, along with the digital wallet known as Qoin wallet.
Australia’s top financial regulator Australian Securities and Investments Commission (ASIC), has raised the concern on the growing risk of digital assets. The warning was published in ASIC’s newly released report “Key Issues Outlook 2026.” Unlicensed Crypto Growth Creates Risk for Everyday Investors ASIC says that many crypto companies are growing
Australia Parliament is going ahead with a wide-ranging law that will make crypto exchanges and crypto custody services companies to get a financial license just like banks and other traditional financial institutions. The regulation bill was brought in by the assistant treasurer, Daniel Mulino, to cover the gaps in the
Australia’s financial regulator has released extensive new guidance for digital asset providers, representing a landmark moment for the country’s blockchain industry. The Australian Securities and Investments Commission (ASIC) updated its regulatory guide on Wednesday, mandating cryptocurrency platforms to secure adequate licensing by the middle of the year. Executive industry stakeholders
Australia’s corporate watchdog, the Australian Securities and Investments Commission. Which rolled out temporary exemptions from financial licensing rules for companies reselling stablecoins. The goal is to cut red tape in the digital asset world while bigger changes get sorted out. Easing Barriers for Stablecoin Growth ASIC announced the updates on
An Australian financial adviser has been accused of stealing $9.6 million from clients to invest in a crypto scam, resulting in a ten-year ban. On June 11, the Australian Securities and Investments Commission informed about the scam through a statement mentioning that the accused, Glenda Maree Rogan, had shifted funds
The ASIC has filed a lawsuit against Liang Allan Guo, a former Blockchain Global executive. It accused Guo of owing over $20 million in unpaid customer claims. This allegation is in regard to the first-ever Australian crypto exchange collapse of the ACX. Guo served as a director at the Blockchain
The Australian Securities and Investment Commission (ASIC) is looking for special leave from the High Court to appeal a ruling in favor of Block Earner, boosting the status of virtual asset yield products. The ASIC is requesting the High Court to shed light on how interest-earning and asset conversion products
Block Earner, an Australia-based FinTech company, has secured a victory as the Federal Court of Australia reversed a decision that the platform needs an Australian financial services license (AFSL) to offer its crypto-linked “Earner” product. The Australian Securities and Investment Commission announced on April 22 that the recent judgment reversed
Crypto.com has announced the acquisition of Fintek Securities Pty Ltd., a brokerage service regulated by the Australian Securities and Investments Commission (ASIC). This acquisition, revealed on November 14, 2024, allows Crypto.com to offer a wider range of financial services to eligible users in Australia. Today we’re proud to announce the
