ASIC

Australian Regulator Finally Speaks But Can It Deliver on Crypto Licensing

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

October 29, 2025 2 mins read

Australia grants temporary licensing relief for stablecoin resellers until 2028

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

September 18, 2025 2 mins read

Financial Adviser Caught in Crypto Scam, Banned for a Decade

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

June 12, 2025 2 mins read

ASIC Takes Legal Action Against Blockchain Exec Over Missing $20M

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

May 28, 2025 2 mins read

ASIC Seeks High Court Appeal in Block Earner Crypto Yield Case

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

May 21, 2025 2 mins read

Block Earner Secures Legal Victory, Court Dismisses ASIC’s Appeal

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

April 23, 2025 2 mins read

Crypto.com Acquires Fintek Securities to Expand Financial Services

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

November 14, 2024 2 mins read

Ex-CEO of Mine Digital Charged with Fraud for Alleged $1.5 Million Theft

Ex-CEO of Mine Digital Charged with Fraud for Alleged $1.5M Theft

Grant Colthup, the former CEO of Mine Digital, faces serious fraud charges for allegedly stealing $1.5 million from a customer. This transaction occurred just two months before the firm collapsed in September 2022. The Australian Securities and Investments Commission (ASIC) announced the charges on October 21, detailing a transaction that

October 22, 2024 2 mins read

Australia Eyes Stricter Licensing for Crypto to Boost Protection

Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), is pushing for tighter control over the country’s cryptocurrency sector. ASIC Commissioner Alan Kirkland has revealed that crypto firms, not just exchanges, may soon be required to obtain licenses under the Corporations Act. This move is intended to offer better

September 23, 2024 2 mins read

ASIC Rules Against Kraken Operator for Margin Trading Violations

Australia’s Federal Court ASIC, delivered a ruling against Bit Trade Pty today. Bit Trade Pty is the operator of the Kraken cryptocurrency exchange in Australia. According to ASIC, Bit Trade failed to meet the legal requirements for its margin trading product. In September 2023, ASIC initiated legal proceedings against Bit

August 23, 2024 2 mins read