Blockchain

ASIC Warns against Trading Cryptos on Unlicensed Exchanges

The Australian Securities and Investments Commission (ASIC) has become the latest financial market regulator to ring the warning bell against the unlicensed cryptocurrency venues. According to a notice published on Wednesday, the regulator has cautioned Aussie investors who are investing in crypto-related financial products and services on platforms that do not hold an Australian Financial Services […]

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ASX Calls for Regulations of Crypto Custodians

The Australian Securities Exchange (ASX) wrote a letter to the country’s Senate last week pointing out several risks in holding digital assets and calls for better regulations around the industry. “On major blockchain platforms such as Bitcoin and Ethereum, digital assets are associated with a user through an address. Whoever can access the address is

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ASIC Seeks Public Feedback on Crypto ETPs

The regulator will accept the feedback until July 27, 2021.   As the demand for crypto-based exchange-traded products (ETPs) is increasing, the Australian financial markets watchdog is seeking public feedback on such retail investment instruments. The Australian Securities and Investments Commission (ASIC) released a consultation paper on Wednesday that covers ‘crypto-assets as underlying assets for

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Bitcoin ETFs under Active Consideration, Says ASIC Commissioner

Armour sought to change the ASIC’s reputation for being stuck in the mud when it comes to Bitcoin-linked products. ASIC commissioner Cathie Armour on Friday said the Australian Securities and Investment Commission is open to the idea of facilitating the listing of crypto versions of exchange-traded funds. Armour has seemingly sought to change ASIC’s reputation

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Australia Plans to Test Paperless Trade with Singapore Using Blockchain

ABF launched a trial with Singapore authorities to simplify cross-border trade through blockchain technology. The Australian Border Force (ABF) announced today that the agency is working on cross-border trade solutions with Singapore to make the entire process simple and paperless through the integration of blockchain technology. In an official press release, the ABF stated that

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