Australia’s ASIC Revokes FXOpen AU’s Licence Over Compliance Issues
Key Insights ASIC cancels FXOpen AU’s financial services licence due to inadequate resources and compliance failures. The regulator aims to…
Kraken’s Australian Arm Loses Court Battle, Cites Regulatory Ambiguity
Key Insights Australia’s federal court ruled that Bit Trade, Kraken’s local operator, failed to comply with the Corporations Act by…
ASIC Battles Crypto Fraud: 615 Scam Sites Taken Down
Key Insights Australian regulator ASIC removed 615 cryptocurrency investment scams in the past year. ASIC has taken down over 7,300…
ASIC Bans Financial Adviser for 10 Years, Cancels Firm’s License Over Misconduct
Key Insights ASIC bans Joel James Hewish for 10 years from financial services and cancels his company UGC’s AFS license…
Australian BitConnect Promoter John Bigatton Convicted for Unlicensed Crypto Advice
Key Insights Australian promoter of BitConnect convicted for providing unlicensed financial advice between 2017-2018. Bigatton faces a three-year good behavior…
Australian Regulator Alerts Public to NGS Crypto Rebranding Amid Probe into Alleged Misconduct
Key Insights ASIC announces NGS Crypto’s rebranding to Hiddup amid ongoing investigation Regulator investigating potential mishandling of investor funds and…
Ferratum Australia Hit with A$16 Mln Penalty over Consumer Credit Violations
Key Insights Ferratum Australia Pty Ltd has been ordered by the Federal Court to pay A$16 million in penalties for…
ASIC Cancels JB Markets’ Financial Services Licence
Key Insights ASIC has cancelled the financial services licence of JB Markets Pty Ltd effective April 12, 2024. The cancellation…
Australian Court Orders Winding Up of Forex Broker Prospero Markets
Key Insights The Federal Court of Australia has granted ASIC’s request to issue a formal wind-up order for Prospero Markets…
ASIC Appeals Dismissal of Case Against Crypto Firm Finder Wallet
Key Insights ASIC has appealed a Federal Court decision that dismissed its case against crypto firm Finder Wallet over the…