Catenaa, Sunday, December 08, 2024- The Australian Securities and Investments Commission (ASIC) is inviting feedback on proposed updates to its guidance for digital asset regulation, aiming to clarify how existing financial laws apply to the fast-evolving sector.  The updated guidance details how entities offering digital asset-related financial services can secure an Australian Financial Services (AFS) […]

Catenaa, Thursday, December 19, 2024 – The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives, alleging that the platform misclassified over 500 retail clients as wholesale investors, stripping them of essential consumer protections.  Between July 2022 and April 2023, Binance reportedly misclassified 83% of its Australian customer base, exposing […]

Catenaa, Friday 13, 2024-The Australian Federal Court has imposed a penalty of 8 million Australian dollars ($5.1 million) on Bit Trade, the operator of Kraken’s crypto exchange in Australia, for failing to meet regulatory requirements.  The court’s ruling follows accusations by the Australian Securities and Investments Commission (ASIC) that Bit Trade issued a credit facility […]