ASIC appeals court decision on Finder Wallet’s earn product compliance
The Australian Securities and Investments Commission (ASIC), the country’s financial regulator, has recently filed for an appeal of the court decision regarding Finder Wallet, which happens to be a subsidiary of the financial firm, Finder.com. As a result, the sister company had been in the news for its “Earn” product that was established as not […]
ASIC secures travel ban on Blockchain Global’s Allan Guo
The Australian Securities and Investments Commission (ASIC), the Federal Court of Australia, has placed an interim travel restraint order on Liang “Allan” Guo, the former director of the now-defunct cryptocurrency firm Blockchain Global. This decision, announced by ASIC on February 28, aims to prevent Guo from leaving the country as investigations into the company’s collapse […]
Utilizing Artificial Intelligence: ASIC’s Innovative Approach to Strengthen Financial Regulation in Australia
As concerns mount over the escalation of financial crimes, the Australian Securities and Investments Commission (ASIC) is gearing up to employ cutting-edge artificial intelligence (AI) solutions. This move aims to fortify consumer and small business protections against an upsurge in scams, digital misconduct, and predatory lending practices that have become prevalent in the Australian financial […]
Australian crypto exchange Digital Surge resumes trading after stakeholder agreement
On Wednesday, Digital Surge’s stakeholders signed the exchange’s recovery plan right before it was slated to go into liquidation. As a result of their efforts, Australian Securities and Investments Commission (ASIC) submitted documents that allowed Digital Surge to come back online. Creditors were notified earlier today through a circular about this development. After a tumultuous […]
Cleanspark acquires BTC mining facility with 86 MW capacity
The market has remained unfavorable for miners and investors for a while because of the lower influx of capital. Despite bearishness, some mining companies have continued to expand their operational capacity. Cleanspark is one of those names that have continued to look for enhanced services. It has added a significant amount to its capacity and […]
