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Crypto firm Hiddup rebrands amid $41M investigation and legal woes
25.6.2024
Hiddup continues advertising returns ranging from 6 to 16% per annum through blockchain mining on its website while facing legal action
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
17.10.2023
Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to the proposals, crypto exchanges will be given...
Crypto exchanges to fall under TradFi licensing — Australian Treasury proposal
16.10.2023
The Australian treasury's newly-released consultation paper will require to crypto exchanges to apply for financial services licence from the local financial regulator
Securities Commission Cancels FTX Australia’s License
21.7.2023
Australia’s securities regulator has canceled the license of the local FTX entity, allowing it to perform only limited financial services. These will be related to the termination of derivatives with clients and arrangements to compensate retail customers. ASIC Revokes Financial Services License...
Australian Securities Regulator Revokes FTX’s Local Financial Services License
19.7.2023
The Australian Securities and Investments Commission (ASIC) has canceled the financial services license of FTX’s Australian subsidiary effective from July 14, impacting 30,000 customers.
With the cancelation of the license, FTX Australia can no longer operate as an exchange in the country....
A loophole allowed FTX to secure its Aussie license without full checks: ASIC's Longo
6.12.2022
ASIC's Joseph Longo pointed the finger at a loophole that allowed FTX to acquire an Australian Financial Services License under its watch
Australia Suspends Financial Services License of Local FTX Entity
17.11.2022
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives....
FTX Australia's license suspended as 30K Aussies left in the lurch
16.11.2022
Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the local entity of Sam Bankman-Fried’s former crypto empire
BTC Markets becomes first Australian crypto firm to get a financial services license
21.6.2022
While the license isn’t currently needed for crypto companies in Australia, BTC Markets says it is preparing the exchange for upcoming regulations, which may help it gain other complementary certifications