A judge has ordered Facebook owner Meta to file its defence in the Australian Competition and Consumer Commission’s three-year-old case over scam cryptocurrency ads on the social media platform.
Meta has lost its latest bid to strike out the consumer regulator’s case alleging it failed to put up “reasonable safeguards” to prevent scam cryptocurrency ads on its Facebook platform.
The corporate regulator has won the High Court’s leave to challenge a ruling for cryptocurrency firm Block Earner that it argues will allow future crypto products to evade the rules.
The financial crimes regulator has ordered the Australian unit of the world’s largest crypto exchange, Binance, to appoint an external auditor after flagging concerns about its anti-money laundering and counter-terrorism financing compliance.
The Full Court has rejected ASIC’s appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money.
Blockchain mining company NGS Crypto has consented to orders sought by ASIC amid concerns that hundreds of Australians who sank $21.1 million into the business were misled about the safety of their investments. The Australian Securities and Investments Commission took NGS Crypto Group and its Australian subsidiaries to court, seeking orders winding up the companies,…
The corporate watchdog has brought proceedings against the former director of collapsed cryptocurrency exchange platform Blockchain Global for alleged violations of his directors duties.
A judge has approved a settlement in a class action against crypto firm BPS Financial that gives group members and the funder alleged worthless Qoin, an outcome described as “better than nothing”.
ASIC has asked the High Court to overturn a judgment in favour of cryptocurrency firm Block Earner, saying the decision would allow future products to escape regulation.
A former cryptocurrency boss who faces a criminal investigation by ASIC is on the hook for a $10.3 million Bitcoin payout to a former employee, a court has found.