ASIC

Sydney Opera House in Australia (Stanbalik/Pixabay)

Policy

Australia's Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC's Warning For Crypto Entities

"How recently have you consulted with your lawyers about where the law currently?" asked an ASIC representative while speaking to an audience of crypto industry-goers.

By Amitoj Singh

Jun 13, 2024 at 11:06 a.m. UTC

Jun 13, 2024

RegulationsAustraliaBlockchain AustraliaCryptoStablecoinsindustryTreasuryASIC

Finance

Bitdeer

Bitcoin Miner Bitdeer to Buy ASIC Chip Designer Desiweminer for $140M in All-Stock Deal

Bitdeer agreed to acquire all outstanding shares in Desiweminer for a consideration of 20 million Class A ordinary BTDR shares on June 3.

By Jamie Crawley

Jun 6, 2024 at 12:27 p.m. UTC

Jun 6, 2024

BitdeerBitcoin MiningASICAcquisitions

Policy

Australia

Australian Regulator Scolded Over 'Misleading' Release, Must Pay Costs as Block Earner Avoids Penalty

Block Earner doesn't need to pay a penalty because it acted honestly in seeking to engage with government over regulation of crypto-related products and services.

By Jamie Crawley

Jun 4, 2024 at 9:17 a.m. UTC

Jun 4, 2024

AustraliaASICCourt CasesLicensingRegulation

Sydney, Australia. (Photo by Johnny Bhalla on Unsplash)

Policy

Regulations

Australian Court Hands Win to Market Regulator in Case Against Qoin Blockchain, But There is a Catch

Part of this case was ASIC's allegation that the Qoin Blockchain and the Qoin Wallets constituted one single scheme but the court disagreed.

By Amitoj Singh

May 6, 2024 at 10:56 a.m. UTC

May 6, 2024

RegulationsCryptoBlockchainQoinAustraliaASIC

Policy

Regulations

Australian Court Hands Over $41 Million of Crypto Held by Blockchain Mining Group at Regulator's Request

The court order came after markets regulator ASIC said the companies broke Australian law and provided financial services without a licence.

By Amitoj Singh

Apr 12, 2024 at 11:25 a.m. UTC

Apr 12, 2024

RegulationsAustraliaMiningASICCourtFederal CourtCrimes

Policy

Regulations

Australian Court Dismisses Lawsuit by Market Regulator Against Finder in 'Landmark' Ruling for Crypto Industry

The court found that The Australian Securities and Investment Commission (ASIC) did "not establish that the Finder Earn product is a debenture" and ordered it to pay the defen...

By Amitoj Singh

Mar 14, 2024 at 6:21 a.m. UTC

Mar 14, 2024

RegulationsASICAustraliaFinder.comCourtYield

Policy

Regulations

Australian Judge Hands Split Decision in Market’s Regulator vs Block Earner

The court will determine the fine Block Earner will have to pay during a scheduled hearing on March 1, 2024.

By Amitoj Singh

Feb 12, 2024 at 6:52 a.m. UTC

Feb 12, 2024

RegulationsAustraliaASICYieldCourt CasesDeFi

Policy

Regulations

Australian Treasury to Question Regulator Over HyperVerse Crypto Scheme: Report

"It seemed pretty clear that there should have been concerns raised about… this operation,” Stephen Jones said.

By Amitoj Singh

Jan 5, 2024 at 8:45 a.m. UTC

Jan 5, 2024

RegulationsAustraliaASICscamTreasurySecurities Regulator

ASIC Miners (Sandali Handagama/CoinDesk)

Finance

Blockstream

Blockstream Preps New Sale of Notes Designed to Profit From Rebounding BTC Mining-Rig Prices

Blockstream's BASIC note is a bitcoin-denominated investment vehicle to accrue gains from the price of ASIC mining equipment, which Blockstream anticipates will rise post-halv...

By Jamie Crawley

Dec 13, 2023 at 2:00 p.m. UTC

Dec 13, 2023

BlockstreamASICASIC MiningBitcoin Mining