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The corporate regulator has taken court action against a subsidiary of comparison website Finder for allegedly offering a cryptocurrency product without a proper licence.
The corporate regulator has taken court action against a subsidiary of comparison website Finder for allegedly offering a cryptocurrency product without a proper licence.
ASIC asked the previous government to close a loophole allowing AFSLs to be acquired with no checks on whether the buyer is fit and proper, a parliamentary committee has heard.
The regulator disclosed that Block Earner, a firm backed by Coinbase and Aave, also operates an unregistered managed investment scheme that violates Australia’s capital market laws.
ASIC, the corporate regulator, has commenced proceedings in the Federal Court against a crypto fintech company, Block Earner, for allegedly offering…