The High Court has agreed to weigh in on a case that argues Bitcoin is not property capable of being possessed.
A court has slapped Qoin cryptocurrency issuer BPS Financial with a $14 million penalty for “serious and unlawful misconduct”, including making misleading statements about the product and providing financial advice without a license.
A financial firm director and brother of breakdancer ‘Raygun’ has pleaded guilty to charges over funds suspected of being the proceeds of crime.
Block Earner has told the High Court that its Earner product was never meant to generate a financial return for users, as the court mulls whether to overturn a ruling that found the cryptocurrency firm did not need a financial services licence.
Binance has agreed to a $10 million penalty in ASIC’s case alleging the defunct crypto firm misclassified retail customers as eligible to invest in risky derivatives, but a judge wants more details before approving the deal.
A court has ordered the winding up of blockchain mining firm NGS Group and related companies, finding they operated in “blatant” violation of the Corporations Act.
Crypto platforms will be required to hold an Australian Financial Services Licence under new legislation introduced by the Albanese government.
Court orders have been issued barring a director of cryptocurrency exchange operator Blockchain Global from travelling outside Australia while the corporate regulator investigates the collapse of the exchange.
AUSTRAC would get new powers to restrict or ban certain high-risk products, services or delivery channels, such as crypto ATMs, under legislation being proposed by home affairs minister.
Cryptocurrency exchanges will be required to hold an Australian Financial Services Licence under proposed legislation announced by assistant treasurer Dr Daniel Mulino.