Latest News and Articles about ASIC
ASIC Challenges Block Earner’s Crypto Yield Ruling in High Court Showdown
ASIC Appeals to High Court Over Block Earner Crypto Yield Product Ruling The Australian Securities and Investments Commission (ASIC) is taking its fight against fintech company Block Earner to the High Court, challenging the Full Federal Court’s ruling that Block Earner’s “Earner” product is not a financial product under Australian law. This legal battle could […]
Read MoreASIC Appeals to High Court Over Block Earner’s Crypto Yield Product Ruling
ASIC Seeks High Court Appeal in Landmark Crypto Yield Product Case In a battle that could reshape the future of cryptocurrency in Australia, the Australian Securities and Investments Commission (ASIC) is taking Block Earner’s ‘Earner’ product to the High Court. This move has the potential to set a precedent for how digital assets are regulated, […]
Read MoreAustralia Targets 427 Inactive Crypto Exchanges to Fight Scams and Money Laundering
Australia Cracks Down on Inactive Crypto Exchanges to Combat Scams and Money Laundering In a bold move to combat criminal activities within the cryptocurrency sector, Australia’s financial intelligence agency, the Australian Transaction Reports and Analysis Centre (AUSTRAC), is intensifying its efforts. AUSTRAC is targeting inactive digital currency exchanges, warning them to update their status or […]
Read MoreASIC Sues Binance Australia for Misclassifying Over 500 Investors
Binance Faces Lawsuit in Australia Over Investor Misclassification The Australian financial watchdog, the Australian Securities and Investments Commission (ASIC), has launched legal action against Binance Australia Derivatives over allegations of incorrectly labeling over 500 regular investors as sophisticated ones. This misstep reportedly deprived investors of crucial legal protections, causing notable financial losses. ASIC’s lawsuit targets […]
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