Australian court rules against Qoin issuer BPS Financial on 4 charges

Qoin still has a class-action suit pending against it in addition to the case brought by regulator ASIC.

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ASIC fires industry warning shot as it sues BPS Financial over crypto promo

The Australian securities regulator is pursuing BPS Financial Pty Ltd for allegedly making false and misleading representations, and engaging in unlicensed conduct.

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Monochrome Eyes Spot Bitcoin ETF In Australia, U.S. Lags Behind

The fund’s responsible entity partner received unique licensure which will give investors more transparent and direct exposure to bitcoin through a spot ETF.

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Australian Court Sides With ASIC in a Case Pitting the Regulator Against a Crypto Startup

The Australian Securities and Investments Commission (ASIC) recently prevailed in its case against Block Earner after a court ruled that the crypto startup’s product offering violated the country’s Corporations Act. The judge ruled that the ASIC had “succeeded in establishing contraventions of s 601ED and 911A of the Act in relation to the Earner product.” [...]

The post Australian Court Sides With ASIC in a Case Pitting the Regulator Against a Crypto Startup appeared first on Crypto Breaking News.

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Binance Halts Deposits and Possibly Withdrawals for Aussie Users After Being Cut Off by Australian Payment Service Provider

Binance Australia said on May 18 that it is “unable to facilitate PayID AUD deposits for Binance users” due to a third-party payment service provider’s decision to discontinue support for the crypto exchange. Binance Australia said while it works to find an alternative, users can still “buy and sell crypto using credit or debit cards.”

The post Binance Halts Deposits and Possibly Withdrawals for Aussie Users After Being Cut Off by Australian Payment Service Provider appeared first on BTC Ethereum Crypto Currency Blog.

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Binance Australian Office Searched as Global Regulatory Walls Close In

Binance Australia's troubles come amidst a backdrop of global regulatory woes.

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