Australia’s ASIC

Highlights: Australia limits crypto ATM transactions to 5000 AUD to stop scams and protect older users. Most crypto ATM scam victims are over 50 and lose thousands through fake investments and fraud. Authorities will add warning signs at crypto ATMs […]

Highlights: ASIC has filed a civil case against Liang Guo over fund misuse during his time at Blockchain Global’s ACX Exchange. Customer funds were mixed and used for other purposes without proper records, leading to the collapse of the exchange. […]

Highlights: ASIC sues Binance Australia for tagging several of its clients incorrectly  ASIC seeks new rules governing the cryptocurrency space to find the right balance between innovation and enhanced client protection Excessive imposition of compliance costs likely to push small […]

Highlights: Australia’s Federal Court rules against Kraken’s Bit Trade for regulatory non-compliance. ASIC emphasizes the importance of strict adherence to financial regulations in the crypto industry. Kraken commits to complying with court decisions amid legal challenges in Australia. On Friday, […]

Highlights: Since 2023, Australia’s ASIC has shut down 7,300 websites, including crypto investment scams. Australians lost $2.77 billion to scams over the past year. Chainalysis reports a 20% drop in global illicit blockchain activity in early 2024. In an Aug. […]

Highlights: ASIC has sued ASX for allegedly misleading statements about its failed blockchain project. ASX claimed the blockchain project was on track for April 2023 but faced delays. ASIC’s actions highlight its commitment to market integrity, with ASX’s stock price […]