ASIC is seeking input on capital and custody rules for Australian crypto firms, but no specific changes, affected businesses or feedback deadline have been identified. What the regulator ultimately proposes will determine the impact on firms and customers.
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Regulators are grappling with digital assets crossing borders and entering mainstream finance. The FSB wants stronger stablecoin coordination, ASIC proposes extending retail CFD protections, and a South Korean bank has reportedly issued a corporate loan backed by Bitcoin—though key terms and risks remain unclear.
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ASIC proposes extending Australia’s retail CFD safeguards to qualifying contracts settled in digital assets, while seeking a 10-year renewal of its intervention order. The move would preserve protections for eligible clients without covering every crypto derivative.
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Australia is ending temporary crypto licensing relief, and ASIC says firms that still need authorization have until Sept. 30 to get moving before Oct. 1 enforcement exposure kicks in. Bitcoin is generally treated differently, but yield products, custody and tokenized services are squarely in the regulator’s sights.
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ASIC has shut several Yepbit-linked websites after investors said they were blocked from withdrawing funds, and the regulator says the platform falsely blamed ASIC for freezing money. With no AFSL or AUSTRAC registration, Yepbit now looks more scam warning than trading venue.
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Australia’s High Court handed ASIC a win in the Block Earner case, ruling its crypto yield product was a regulated financial product and derivative. The message: clever branding won’t dodge licensing rules.
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Australia’s High Court has slammed the brakes on Block Earner’s crypto yield play, ruling that the company’s former fixed-return product needed a financial services licence under existing law. High Court ruling: 7-0 for ASIC Earner product: a financial product and a derivative Legal message: crypto doesn’t outrun the rulebook Block Earner now: focused on crypto-backed […]
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Australia’s Regulatory Gambit: Crypto by Function, Not Tech, Sets a New Tone Globally Australia is staking out a distinct position in the chaotic realm of cryptocurrency regulation, choosing a practical, function-driven approach over the tech-obsessed or enforcement-heavy models seen elsewhere. Spearheaded by the Australian Securities and Investments Commission (ASIC), the strategy hinges on defining digital […]
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Australian Crypto Scam: ASIC Charges Four in $35.8M Fraud Crackdown Picture this: you pour your hard-earned savings into a sleek website promising a juicy 9.5% annual return, only to learn it’s a $35.8 million scam. That’s the gut-wrenching reality for victims across 14 countries, as the Australian Securities and Investments Commission (ASIC) charges four men—former […]
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ASIC Appeals to High Court Over Block Earner Crypto Yield Product Ruling The Australian Securities and Investments Commission (ASIC) is taking its fight against fintech company Block Earner to the High Court, challenging the Full Federal Court’s ruling that Block Earner’s “Earner” product is not a financial product under Australian law. This legal battle could […]
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