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CryptoCurrency
Crypto Exchange JPEX Moves to Deregister Australia Entity, HK Blocks Access
Hong Kong police received complaints from 1,641 investors involving HK$1.2 billion in crypto assets.
Several arrests were made in connection with the crypto exchange.
Thursday, 21/09/2023 | 10:41 GMT
by
Arnab Shome
Retail FX
ASIC Grants 332 Australia Financial Services License in FY23
The number decreased significantly from the previous year.
The regulator also suspended 26 AFS licenses last year.
Thursday, 21/09/2023 | 07:55 GMT
by
Arnab Shome
CryptoCurrency
Aussie Operator of Kraken Sued over Design and Distribution Failures
The Aussie regulator took action against the platform's margin trading product.
Kraken is "surprised and disappointed" with the regulatory action.
Thursday, 21/09/2023 | 06:22 GMT
by
Arnab Shome
Brokers
ASIC Fines Interactive Brokers for Allowing Suspicious Trading
The broker's surveillance system triggered 44 'marking the close' alerts.
The regulator called it 'negligent' and 'reckless' conduct.
Wednesday, 20/09/2023 | 07:04 GMT
by
Arnab Shome
FinTech
ASIC Sues PayPal: Alleges Unfair Terms for Small Aussie Businesses
PayPal gives only 60 days to businesses to challenge any errors with fees.
The payments firm has about 608,275 active business account contracts in the country.
Thursday, 07/09/2023 | 06:49 GMT
by
Arnab Shome
Retail FX
Obligations for CFDs Brokers: ASIC Seeks to Tighten DDO Rules Further
The Aussie regulator introduced the DDO rules in October 2021.
It has taken action against five retail OTC brokers since then, including a lawsuit against eToro.
Wednesday, 06/09/2023 | 05:03 GMT
by
Arnab Shome
Institutional FX
Tradeweb Completes A$125 Million Acquisition of Yieldbroker
The deal aims to strengthen Tradeweb's foothold in the APAC bond markets.
The company's client will gain access to Australian and New Zealand's debt instruments.
Thursday, 31/08/2023 | 07:27 GMT
by
Damian Chmiel
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CryptoCurrency
Melbourne-Based Crypto Lender Helio Sentenced for Misleading License Claims
The company claimed Australian Credit License but allegedly did not hold one.
ASIC has imposed an AUD $15,000 recognizance against the lender.
Friday, 18/08/2023 | 09:56 GMT
by
Jared Kirui
Retail FX
No AFS License Needed until 2025: ASIC Extends FFSPs Transitional Relief Again
The Australian regulator extends the deadline for foreign firms.
The date has been set for 31 March 2025, pushing back the need for an Australian license.
Tuesday, 08/08/2023 | 05:08 GMT
by
Damian Chmiel
Retail FX
FX/CFDs Broker Probis Goes Bankrupt, ASIC Halts Its License
ASIC has halted Probis Financial Services' AFS license due to its bankruptcy.
The firm must maintain membership with the AFCA until 30 October 2023.
Monday, 07/08/2023 | 05:23 GMT
by
Damian Chmiel
Retail FX
ASIC Reports $109M in Civil Penalties and 144 Ongoing Cases after H1 2023
The first half of 2023 saw 125 charges against individuals.
70 investigations have commenced, and 144 are still ongoing.
Wednesday, 02/08/2023 | 09:25 GMT
by
Damian Chmiel
CryptoCurrency
ASIC Cancels License of Bankrupt FTX Australia
The regulator initially suspended the license of the crypto exchange on 14 November 2022.
The administrators of the Aussie subsidiary are yet to resume withdrawals.
Wednesday, 19/07/2023 | 06:29 GMT
by
Arnab Shome
Institutional FX
Australia’s Central Bank Picks Michele Bullock as First Female Governor
Bullock will serve as the ninth governor of the RBA.
She replaces Philip Lowe, who will end his tenure in September.
Friday, 14/07/2023 | 08:38 GMT
by
Jared Kirui
Brokers
Fortune Prime Acquires GMT Markets to Offer CFDs in Australia
GMT Markets has offered FX and CFDs in Australia since 2011.
Fortune Prime has already started to offer services with the ASIC license gained through the acquisition.
Thursday, 13/07/2023 | 07:22 GMT
by
Arnab Shome
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CryptoCurrency
Aussie Regulator Searched Local Binance Offices
The search was a part of the ongoing probe against the exchange derivatives business.
Neither ASIC nor Binance confirmed the search.
Wednesday, 05/07/2023 | 09:04 GMT
by
Arnab Shome
Retail FX
Australia Launches Fusion Cell to Tackle $1b Investment Scams
Australia's National Anti-Scam Centre is spearheading the country's first fusion cell.
The initiative aims to disrupt scam operations.
Monday, 03/07/2023 | 09:03 GMT
by
Damian Chmiel
Retail FX
ASIC Flags Mitrade Global for DDO Violations, Suspends Operations
Mitrade offered unlimited attempts to retail traders to pass its questionnaires.
The order is effective for 21 days unless revoked earlier.
Friday, 02/06/2023 | 06:26 GMT
by
Arnab Shome
CryptoCurrency
Binance Australia's $9k Bitcoin Discount Signals Investor Concern
Binance Australia sells Bitcoin way cheaper than competing exchanges in the region.
The discount results from investors fleeing before June's withdrawal suspension.
Tuesday, 30/05/2023 | 07:14 GMT
by
Damian Chmiel
Retail FX
ASIC Pushes Financial Advisor Registration Deadline to 1 October
The regulator will run a campaign to make the industry understand its requirements.
The Aussie Parliament will also consider improvements in the proposed requirements.
Tuesday, 30/05/2023 | 07:12 GMT
by
Arnab Shome
CryptoCurrency
Binance Australia to Allow AUD Withdrawals Until June 1
The payment provider of the Binance subsidiary suspended services.
Aussie users can still buy and sell cryptos using credit and debit cards.
Monday, 22/05/2023 | 09:00 GMT
by
Arnab Shome
CryptoCurrency
ASX Abandons Blockchain-Based System to Replace CHESS
The exchange operator decided to replace CHESS in 2016.
It will not look for more conventional technology.
Friday, 19/05/2023 | 10:21 GMT
by
Arnab Shome
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FinTech
Revolut Seeks Banking License in Australia
The fintech firm recently launched business accounts in Australia.
It has around 100,000 business customers across Europe.
Thursday, 18/05/2023 | 09:11 GMT
by
Arnab Shome
Retail FX
Saxo Amends CFDs Target Market Determination amid ASIC’s Stop Order
The regulator issued eight stop orders against Saxo’s offerings.
The orders were revoked in two days.
Thursday, 18/05/2023 | 07:03 GMT
by
Arnab Shome
CryptoCurrency
Binance Australia Faces Crises as Payment Provider Halts Support
AUD deposit is suspended, but withdrawal is still open.
The exchange is now looking for an alternative partner.
Thursday, 18/05/2023 | 05:50 GMT
by
Arnab Shome
FinTech
Australia Signals It Won’t Tolerate Scams: Regulator and Ombudsman Join Forces
APRA and AFCA are seeking an efficient financial system.
The move is a partial shift in accountability towards consumers, a fintech expert stated.
Friday, 28/04/2023 | 14:33 GMT
by
Solomon Oladipupo
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