#ASIC

Highlights: Block Earner has lost a unanimous High Court appeal over its former fixed-yield crypto product. ASIC’s win sends the penalty issue back to the Full Federal Court. The ruling says existing financial product laws can cover crypto yield offerings. […]

Highlights: Australia passed a crypto bill requiring exchanges and custody firms to obtain an AFSL licence. The new framework gives ASIC stronger powers over custody, disclosure, settlement, and platform conduct. Smaller firms get exemptions, while the full crypto framework will […]

Highlights: Australia’s Federal Court fined Binance Australia Derivatives A$10 million over major client onboarding failures. Binance admits it wrongly classified 524 retail users as wholesale crypto derivatives clients. Those users lost more than A$12 million without proper protections or dispute […]

Highlights: ASIC flags regulatory gaps in fast-growing fintech sectors, especially digital assets. The regulator warns consumers face risks from unlicensed crypto, payments, and artificial intelligence firms. ASIC urges the government to bring new services under existing regulatory frameworks. Australia’s main […]

Highlights: Australia has fined BPS Financial after the court found years of unlicensed Qoin Wallet activity. The Federal Court noted that BPS misled users about approval and token use. ASIC has stepped up enforcement across crypto exchanges and market infrastructure […]

Highlights: ASIC sets new rules that cut licence pressure and support wider stablecoin use across the digital asset market. Industry leaders say clear rules will help stablecoin services grow and support real use cases in payments. Crypto exemptions will guide […]

Highlights: ASIC tightens rules to raise investor protection and extend oversight to global digital asset providers. The new guidance will help firms understand financial laws and prepare for Australia’s upcoming crypto licensing reforms. The treasury and ASIC are moving closer […]

Highlights: ASIC noted that Bitget offered high-leverage crypto futures in Australia without holding the required financial license. Bitget promoted risky futures products with high leverage, which breaks Australia’s investor protection rules. Eight countries have warned against Bitget for offering crypto […]

Highlights: Glenda Rogan misled clients in a $14.8M crypto scam disguised as a fixed-interest investment. ASIC banned Rogan from financial services for ten years starting June 6, 2025. Client funds were moved into crypto wallets linked to a banned UK-based […]

Highlights: AUSTRAC has begun deregistering inactive crypto exchanges across Australia. The crackdown aims to block criminal exploitation of inactive crypto exchanges. A public register will soon verify registered crypto exchange providers. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has […]

Highlights: The Australian operator of Kraken, Bit Trade, failed to meet compliance obligations and received a $5.1 million fine. The firm imposed $7 million in fees on 1,100 Australians, with losses exceeding $5 million. ASIC’s first penalty for TMD violation […]

Highlights: Australia has introduced mandatory financial licensing for crypto platforms. The compulsory financial obligations became necessary following new rules that qualify crypto assets as financial products. The ASIC commissioner noted that the regulatory agency will roll out the updated guidelines […]