News with the tag "Australian Securities and Investments Commission"

Australian Securities and Investments Commission has filed a lawsuit against Binance Australia Derivatives alleging failure to comply with consumer protections. Binance Australia derivatives exchange trading as Oztures Trading Pty Ltd misclassified over 500 clients as wholesale clients. ASIC Files L...

The Australian Securities and Investments Commission (ASIC) released a new consultation paper while providing key updates to the digital assets guidance and related financial products. With this update, the regulator seeks to provide greater clarity on how the existing financial product definition a...

The dodgy transaction happened just two months before the firm went bust in September 2022, says the Australian financial regulator.

The Australian Securities and Investments Commission (ASIC) has announced new legislation requiring cryptocurrency exchanges to obtain financial services licenses. This expansion of the Corporations Act aims to provide clearer oversight of the crypto sector, ensuring that widely traded crypto assets...

Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges.

Following the ruling by Justice John Nicholas, ASIC and Bit Trade have been given a week to finalize declarations and injunctions. The post Australian Court Rules Against Kraken’s Bit Trade in ASIC Compliance Case appeared first on TheCoinrise.com .

The cypro scams amounted to about 9% of the total fake investment platforms taken down in the first year of its investment scam disruption program.

The Australian Securities and Investments Commission (ASIC) cracked down on crypto scams over the past year, dismantling over 600 schemes. The post Australia’s Regulator Cracks Down on Over 600 AI-Driven Crypto Scams appeared first on TheCoinrise.com .

The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against ASX, accusing the company of misleading the public about a major software upgrade. This project was supposed to modernize the way trades are settled using new technology, but it didn’t go as planned. The ASX Issu...

On Monday, July 15, the Australian Securities and Investments Commission (ASIC) announced that the Sydney District Court has convicted BitConnect promoter John Bigatton for providing unlicensed financial advice to promoters. BitConnect Promoter Provided Unsolicited Advice ASIC said that Bigatton, th...