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Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release
5.6.2024
A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to the ruling, Block Earner “acted honestly and not carelessly,” hence it should not be made to pay...
Australian Regulator Scolded Over 'Misleading' Release, Must Pay Costs as Block Earner Avoids Penalty
4.6.2024
Block Earner doesn't need to pay a penalty because it acted honestly in seeking to engage with government over regulation of crypto-related products and services
Iggy Azalea’s MOTHER Memecoin Hit With Insider Activity Claims After Alleged Sahil Arora Scam
29.5.2024
Iggy Azalea’s MOTHER token is already facing claims of insider activity following its debut on Wednesday. The Australian rapper's cryptocurrency launch comes amidst alleged scammer Sahil Arora's IGGY token release, despite Azalea denying involvement in the project.
The post Iggy Azalea’s...
Craig Wright Lied To Court: UK Judge Reveals
20.5.2024
An Australian computer scientist named Craig Wright, who has frequently claimed to be the anonymous creator of Bitcoin, Satoshi Nakamoto, was found not guilty by a UK High Court judge on May 20.
The post Craig Wright Lied To Court: UK Judge Reveals appeared first on Cryptonews
Aussie admits to promoting BitConnect crypto services without a license
18.5.2024
The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts
Australian Tax Office Seeks Personal, Transaction Details from 1.2 Million Cryptocurrency Users
8.5.2024
The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as many as 1.2 million cryptocurrency users. The revenue collector recognized that some users are fulfilling their tax obligations unknowingly, but maintained that others...
Australian Tax Office seeks data from 1.2 million crypto exchange users: Report
7.5.2024
The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office
Australia Tax Office Sets Sights On Crypto Exchanges’ Client Data, Bank Details
7.5.2024
The Australian Tax Office is demanding annual transaction details from crypto exchanges in a move to tackle potential tax evasion. This crackdown aims to ensure investors correctly report their crypto gains and pay any capital gains taxes owed.
The post Australia Tax Office Sets Sights On Crypto...
Australian Federal Court Rules Mostly in Favor of Regulator in Case Against BPS Financial
6.5.2024
The Australian Federal Court has delivered a ruling mostly in favor of Australia's markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme.
The post Australian Federal Court Rules Mostly in Favor of Regulator in Case Against BPS Financial appeared first on Cryptonews
Australian Court Hands Win to Market Regulator in Case Against Qoin Blockchain, But There is a Catch
6.5.2024
An Australian Federal Court mostly ruled in favor of Australia's markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme, on Friday
Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations
6.5.2024
The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market....
Australian court rules against Qoin issuer BPS Financial on 4 charges
3.5.2024
Qoin still has a class-action suit pending against it in addition to the case brought by regulator ASIC
Australian Federal Court Rules in Favor of ASIC, Against Unlicensed Qoin Crypto
3.5.2024
In 2022, the ASIC alleged that Qoin misled consumers, lodging civil penalty proceedings in the Federal Court against BPS Financial.
The post Australian Federal Court Rules in Favor of ASIC, Against Unlicensed Qoin Crypto appeared first on Cryptonews
Australian Securities Exchange Could Approve Spot-Bitcoin ETFs Before 2024-End: Bloomberg
29.4.2024
The Australian Securities Exchange (ASX), which accounts for 90% of Australia's equity market, is expected to approve the first spot-Bitcoin {BTC} exchange traded funds (ETFs) before the end of 2024, Bloomberg has reported, citing people familiar with the matter
Australia’s top exchange may approve spot Bitcoin ETFs this year: Report
29.4.2024
Australia’s spot Bitcoin ETFs could see $3 billion to $4 billion of inflows within the first three years, according to Monochrome CEO Jeff Yew
Australian, Indonesian Tax Bodies Sign Agreement to Share Crypto Information
25.4.2024
The tax authorities of Australia and Indonesia have signed a memorandum of understanding to share information on cryptocurrency. Under this agreement, both entities will exchange data on crypto assets and share knowledge to ensure adherence to tax obligations. Agreement Underscores Two Countries’...
Australian lawmakers and TradFi firms haven’t adopted crypto: Coinbase APAC MD
22.4.2024
According to Coinbase’s APAC managing director, John O’Loghlen, Australia is ready for its next wave of cryptocurrency “unicorns”—startups valued at $1 billion or more—but not until there is greater regulatory certainty surrounding the industry. John O’Loghlen told...
Australian Regulator Says Crypto Is a Debenture That Requires Regulation
17.4.2024
The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued that many cryptocurrency investors are unaware of what they are getting into. Crypto Falls...
Australian Regulator Initiates Civil Proceedings Against Three Cryptocurrency Investment Firms
15.4.2024
The Australian Securities Regulator has launched civil proceedings against three cryptocurrency firms. These firms are accused of convincing investors to purchase investment packages using self-regulated superannuation funds. The regulator stated that appointing a receiver is the best way...
Australian Crypto Mining Companies Collapse into Liquidation Owing 450 Investors
12.4.2024
ASIC launched civil proceedings against three crypto mining firms, collectively known as NGS Companies, including its directors.
The post Australian Crypto Mining Companies Collapse into Liquidation Owing 450 Investors appeared first on Cryptonews