ASIC has obtained court orders to shut down A One Multi Services, which it claims engaged in fraud and cashed out some of the funds into digital currencies.
Senator Andrew Bragg says that almost everyone he meets from the industry wants regulations weeks after his Senate Committee proposed new incentives.
ASIC has introduced new licensing regulation to guide digital currency holders and companies seeking to issue tokens, offer investment products, and more.
ASIC’s latest notice alerts investors against trading or investing in any digital currency scheme operated by a platform that does not have an Australian Financial Services license.
ASIC commissioner Cathie Armour said the regulator remained interested in how digital currency could improve the operation of the wider financial system.
A 21-year-old Australian woman was arraigned in court Tuesday as part of an investigation into a major fraud ring that involved cryptocurrency money laundering.