Australian

Australian Federal Court Rules Mostly in Favor of Regulator in Case Against BPS Financial

Leave a Comment / Australian, Federal / Avery Clarkson

Last updated: May 6, 2024 08:47 EDT | 2 min read The Australian Federal Court has delivered a ruling mostly in favor of Australia’s markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme. On Friday, Judge J Downes concluded that the Australian Securities and Investments Commission (ASIC) succeeded in its Unlicensed […]

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Australian Crypto Mining Companies Collapse into Liquidation Owing 450 Investors

Leave a Comment / Australian, Crypto / azlan90

Last updated: April 12, 2024 17:55 EDT | 1 min read The collapse of Australia crypto mining company NGS leaves hundreds of investors facing huge financial losses. Image by Sujha Sundararajan, Midjourney.The Australian Securities and Investments Commission (ASIC) has received a nod from a Federal Court to appoint receivers for digital assets held by a

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