Australia’s financial regulator raised concerns about FTX Australia not long after it began operations in March 2022, according to documents.
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Category: australian securities and investments commission
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ASIC fires industry warning shot as it sues BPS Financial over crypto promo
The Australian securities regulator is pursuing BPS Financial Pty Ltd for allegedly making false and misleading representations, and engaging in unlicensed conduct.
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Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms
Australia is set to get its first bitcoin exchange-traded fund (ETF) after a report suggested the country’s clearinghouse, ASX Clear, confirmed that four market participants agreed to meet its stringent margin requirements. ASX Clear’s Margin Requirements An Australian clearinghouse controlling access to the country’s equity capital markets, ASX Clear, is expected to approve a bitcoin […]Powered by WPeMatico
Australian Crypto Company Rapped for Paying Bounty Hunters for Glowing Reviews
Securities commissioners and trade experts have refused Australian blockchain startup Power Ledger a clean bill of ethical health after it emerged that the company paid rogue “bounty hunters” to shore up interest in its cryptocurrency. The project’s “powr” crypto has fallen 90 percent in value over the past year amidst bearish market conditions. Also read: Russian […]
The post Australian Crypto Company Rapped for Paying Bounty Hunters for Glowing Reviews appeared first on Bitcoin News.
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Ku Coin Expands Into Australia After $3M Bitcoin Australia Deal
Ku Coin is expanding into Australia after it agreed to invest $3 million in Bitcoin Australia. The deal is seen as a win-win for both cryptocurrency exchanges, each seeking to expand into its own direction – Ku Coin establishing a niche in the rapidly growing Australian market. Bitcoin Australia is targeting the UK next. Also […]
The post Ku Coin Expands Into Australia After $3M Bitcoin Australia Deal appeared first on Bitcoin News.
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Australian Regulators to Update Crypto Guidelines While Praising Blockchain
The Australian Securities and Investments Commission (ASIC) will update their guidelines to better reflect the evolving cryptocurrency industry, John Price, one of their commissioners, revealed in his speech at a fintech conference in Sydney on April 26. Price further cautioned any company planning to conduct an ICO against thinking of it as a way to avoid government regulation, while also expressing the commission’s commitment to fostering innovation in the fintech sector without sacrificing consumer protections. Prohibition Of Deceptive Conduct Having released Information Sheet 225 last year, the commission felt the need to update it to better reflect the current market and toPowered by WPeMatico
Australia’s Consumer Watchdog Received 1289 Crypto Complaints in 2017
The Australian Competition & Consumer Commission (ACCC) has revealed that it received more than 1,200 complaints relating to cryptocurrencies via its ‘Scamwatch’ portal during 2017. In light of the number of complaints, the Australian Securities and Investments Commission (ASIC) has issued a warning to potential investors outlining the risks associated with cryptocurrency investment. Also Read: Tesla […]
The post Australia’s Consumer Watchdog Received 1289 Crypto Complaints in 2017 appeared first on Bitcoin News.
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