News with the tag "asic"

A US city will be distributing a total of $12,000 in financial assistance to qualified residents as part of a local guaranteed basic income program. The city of Richmond in Virginia says that starting May 27th, residents can apply for the fourth cohort of the Richmond Resilience Initiative (RRI) Gua...

BitcoinWorld ASIC Launches Shocking Lawsuit Against Former ACX Executive Allan Guo In a significant move for the Australian cryptocurrency landscape, the Australian Securities and Investments Commission (ASIC) has initiated civil penalty proceedings that are sending ripples through the industry. The...

Allan Guo, the former director of the closed down Blockchain Global, will face court proceedings in Australia over allegations that he mishandled customer funds of crypto exchange ACX, which was operated by Blockchain Global. The Australian Securities and Investments Commission (ASIC) is bringing ci...

ASIC has brought civil proceedings to court against a former director of Blockchain Global, Liang Guo, relating to multiple breaches of his duties in the cryptocurrency exchange platform Blockchain Global. The former director is accused of misusing ACX customer funds totaling over $20 million. The A...

The Australian Securities and Investments Commission (ASIC) has launched a lawsuit against a former director of Blockchain Global, alleging multiple breaches of directors’ duties. The regulator initiated civil penalty proceedings against Liang Allan Guo over his alleged involvement in the collapse o...

The Australian Securities and Investments Commission has filed civil proceedings against former Blockchain Global director Liang “Allan” Guo over alleged breaches of directors’ duties linked to the collapse of ACX Exchange. According to a May 28 press release from the regulator, ASIC alleges that Gu...

Research conducted by the Independent Reserve, a crypto exchange, revealed that more than 6.5 million Australians have invested in digital assets like crypto. Independent Reserve’s latest survey showed that the number of Australian baby boomers who owned volatile digital currencies had quadrupled in...

Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), has announced plans to appeal a recent court ruling that favored fintech firm Block Earner , seeking clarity on the definition of financial products as it pertains to crypto-linked services. The move could ...

The Australian Securities and Investments Commission (ASIC) seeks special leave from the High Court to appeal a recent ruling that severely impacted its enforcement of crypto regulation. The appeal targets a Full Federal Court decision that found Block Earner’s “Access” product, offering fixed-yield...

Australia’s corporate regulator, the Australian Securities and Investments Commission (ASIC), has applied for special leave to appeal to the High Court of Australia following a Full Federal Court decision that favored fintech firm Block Earner. The case centers on Block Earner’s “Earner” product, a ...