ASIC News
ASIC Investigates Australian Financial Firm Amid Fears Investors Lost AU$138 Million
ASIC is investigating Sydney licensee MGF Capital after complaints that products sold through its authorised representatives tied up at leas...
ASIC Proposes Tougher Crypto Exchange Rules Ahead of 2027 Licensing Deadline
ASIC has proposed custody, trading and capital standards for crypto exchanges, with platforms that hold client coins in-house facing a $14 m...
ASIC Seeks 10-Year Extension of CFD Restrictions, Including Digital Asset Settlement
ASIC wants to extend CFD protections to 2037 and widen them to digital asset-settled products, after leverage limits sharply cut retail inve...
ASIC’s Crypto Crackdown Countdown: Sept. 30 Deadline Looms
Australian crypto firms on temporary relief have until Sept. 30 to apply for a financial services licence or face civil and criminal penalti...
Swyftx Secures Financial Services Licence, Paving the Way for Expanded Payments Offering
Swyftx has secured an Australian Financial Services Licence covering payments, retail derivatives and deposit products, months after Austral...
ASIC Sounds Alarm as Crypto Scammers Trap Investors Through Fake Trading Groups
Fake crypto platforms are using fabricated profits, messaging apps and fake experts to lure Australians into sophisticated investment scams....
Trump-Linked Miner American Bitcoin Boosts Treasury to 6,500 BTC
American Bitcoin grew its BTC treasury to about 6,500 coins worth roughly $470 million, adding 500+ BTC in 21 days, while deploying 11,298 n...
Australian Court Slams Qoin Wallet Operator With $14M Penalty for Unlicensed and Misleading Crypto Conduct
BPS Financial was penalised after the court found years of unlicensed activity and deceptive statements made to Qoin Wallet users. ...
Australia’s $60m Crypto Retirement Scheme Leaves Investors Short, Just $6.7m Found
Just AU$6.7 million has been traced from the $60 million invested by more than 450 Australians in a Gold Coast–based crypto mining scheme....
Australia Loosens the Reins on Stablecoins
ASIC has finalised new exemptions to ease licensing requirements for crypto businesses, aiming to boost innovation in digital assets and pay...
U.S. Senate Unveils Crypto Oversight Draft as Australia Sounds Alarm on Falling Behind
The US Senate Agriculture Committee has released a discussion draft of its part of the Senate’s crypto market structure bill, while Aussie...
Australia’s ASIC Updates Crypto Licensing Rules, Clarifies Bitcoin’s Status
Australia’s financial watchdog, ASIC, has updated its reading of how current rules apply to digital assets, signalling that much of the se...