A judge has declined to set aside a travel ban against a former director of collapsed cryptocurrency platform Blockchain Global, noting that the company’s liquidators may have claims of up to $42.9 million against him.
In a loss for the Australian Securities and Investments Commission, a judge has found that comparison website Finder did not need a financial services licence to sell its cryptocurrency product Finder Earn because it was not a financial product.
The Australian Securities and Investments Commission has won a travel ban against a former director of collapsed cryptocurrency platform Blockchain Global while the regulator investigates suspected criminal offences.
Digital currency exchange Block Earner needed a licence to offer its crypto-backed Earner product, a court has found in one of the first decisions on the application of financial services law to crypto investments.
A director of defunct investment scheme A One Multi, which allegedly raised $25 million in funds, has been charged with nine counts of running a financial services company without a licence.
A self-represented applicant is challenging the permanent stay of his competition class action against Google and Meta over the digital companies’ decision to ban cryptocurrency ads.
Finder Wallet has argued it did not need a financial services licence to sell its crypto product Finder Earn because it was not money, but instead allowed customers to purchase an asset and acted as a marketing tool to funnel users to its app.
Global cryptocurrency and gambling website Stake.com is fighting to strike out claims in a lawsuit by Sydney-based online investment platform Stake over a planned Australian launch.
A judge has permanently stayed a class action accusing Meta and Google of breaching competition law by banning cryptocurrency ads, finding there was a potential for conflicts between the self-represented applicant, who is also funding the case, and group members.
The corporate regulator has brought proceedings against the Australian arm of Kraken Crypto Exchange, alleging it breached design and distribution obligations for a margin trading product that has lost customers almost $13 million.