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This edition of the Update covers: Recent legal and regulatory developments, including guidance to APRA-regulated entities following the cyber attacks on Medibank and...
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…
ASIC is taking a fintech to court for providing unlicensed financial advice on crypto-asset products.
ASIC’s deputy chair Sarah Court said simply because a product hinges on being a crypto-asset does not mean it falls outside financial services law.