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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
Craig Wright Drops Norwegian Defamation Appeal Over Satoshi Nakamoto Claims
12.4.2024
Craig Wright, an Australian computer scientist who claims to be bitcoin founder Satoshi Nakamoto, has dropped his appeal in a Norway defamation case against well-known X user Hodlonaut (a.k.a. A Marcus Granath), a statement posted to X Thursday by Bitcoiner alleges. News of Wright's failed appeal...
Australian Court Hands Over $41 Million of Crypto Held by Blockchain Mining Group at Regulator's Request
12.4.2024
An Australian federal court agreed to a petition by markets regulator ASIC to hand over some US$41 million in digital assets invested by over 450 Australians with the mining companies to specialists from advisory and restructuring company McGrathNicol
Australian Securities Regulator Appeals Federal Court Ruling Favoring Finder Wallet
11.4.2024
The Australian securities regulator has said it will appeal the federal court’s dismissal of its civil penalty proceedings against Finder Wallet Pty Ltd. The regulator launched penalty proceedings against the crypto firm on Dec. 15, 2022, just days after Finder Wallet withdrew its Earn...
Australian Regulator Appeals Loss in Finder’s Crypto Product Verdict
10.4.2024
The Australian Securities and Investments Commission (ASIC) is appealing the Federal Court's dismissal of its case against Finder Wallet's crypto product, Finder Earn.
The post Australian Regulator Appeals Loss in Finder’s Crypto Product Verdict appeared first on Cryptonews
Australian Asset Management Firm Transfers Bitcoin ETF Application to Cboe Australia
7.4.2024
Monochrome Asset Management, an Australian investment management firm, has transferred its bitcoin exchange-traded fund (ETF) application to Cboe Australia. This move aligns with Monochrome Asset Management’s objective of broadening its footprint in Asian markets. Monochrome’s Commitment...
Australian Asset Manager Monochrome Eyes Spot Bitcoin ETF Listing with Cboe Australia
5.4.2024
Brisbane-based Monochrome Asset Management has announced it has moved its application for its flagship product the Monochrome Bitcoin exchange-traded fund (ETF) to be listed on the Cboe Australia.
The post Australian Asset Manager Monochrome Eyes Spot Bitcoin ETF Listing with Cboe Australia...
Australian Asset Manager Monochrome Applies With Cboe Australia for a Spot Bitcoin ETF, Eyes Decision By Mid-Year
5.4.2024
Australian firm, Monochrome Asset Management, has applied for a spot bitcoin exchange traded fund (ETF) with the global listing exchange, Cboe Australia, it announced on Friday
Iconic Australian Venue Now Accepts Crypto for Food and Drink Purchases
4.4.2024
Adelaide Oval, a landmark South Australia sporting venue, now allows AFL patrons to purchase food and beverages using crypto. This marks the first instance of such a payment option being offered at a major national stadium.
The post Iconic Australian Venue Now Accepts Crypto for Food and Drink...
Gaming Firm Illuvium Raises $12M Funding Led by King River Capital, Arrington and Animoca
27.3.2024
Blockchain gaming firm Illuvium has raised $12 million in a series A funding round with contributions from investors such as Australian venture capital firm King River Capital, Arrington Capital and Animoca Ventures.
The post Gaming Firm Illuvium Raises $12M Funding Led by King River Capital...