Australia

In Australia Securities and Investments Commission (ASIC) is intensifying its scrutiny of the cryptocurrency market, issuing fresh warnings ahead of upcoming government regulations. ASIC has raised concerns about the risks associated with cryptocurrencies, labeling them as “created out of nothing.” Last year, ASIC Chair Joseph Longo cautioned investors against going all-in on cryptocurrencies due to […]

The regulator claimed that Bit Trade, the provider of Kraken in Australia, failed to ascertain its target market. They introduced its margin trading product to Australian customers without proper consideration. ASIC sues Bit Trade, Kraken’s operator in Australia, in a legal move involving the Australian Securities and Investments Commission. This action is due to their […]