Crypto Scheme Case: Australian Court Gives Win To Watchdog

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asic, Australia crypto, australian crypto exchange, australian crypto firms, australian regulator, Crypto News, Crypto regulation, Crypto Scheme, cryptocurencies

Recent reports revealed that the Australian Securities and Investment Commission (ASIC) was granted its first victory on a non-cash payment case involving cryptocurrencies. Per the documents, an Australian court ruled partially in favor of the watchdog’s lawsuit against BPS Financial Pty Ltd (BPS). “Qoin Scheme” Earns $26 Million In Sales In 2022, ASIC initiated civil […]

Australian Watchgod After Crypto Firms For $104M Collapse

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asic, Australia crypto adoption, australian crypto firms, australian regulator, Crypto Funds, crypto mining, Crypto mining firms, Crypto News

According to local reports, the Australian Securities and Investment Commission (ASIC) has started legal procedures against two crypto companies and their directors for operating unlicensed in the country. Allegedly, the companies participated in an elaborate scheme that resulted in the loss of AU$ 160 million, worth $104 million, from investors. ASIC After Unlicensed Mining Companies […]