The regulator disclosed that Block Earner, a firm backed by Coinbase and Aave, also operates an unregistered managed investment scheme that violates Australia’s capital market laws.
ASIC warns that the appearance of strange tokens in citizens' digital wallets, and the promise of guaranteed returns, are some of the tactics regularly employed by scammers.
Australia enhances its consumer protection regulation by introducing a four-year "Corporate Plan" to counter the threats of rising innovations, including the risks of investing in digital assets.
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.
The Australian Securities and Investment Commission warned the public in a notice that it suspected OneCoin “could be involved in a scam.”
