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Retail FX
ASIC Bans Unsolicited Sale of Financial Products
2021-09-23T10:51:59.000+02:00
This will affect cold calling and other unsolicited contact tactics used by firms.
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News
Binance Ceases Crypto Futures and Options Offering in Australia
2021-09-21T10:54:14.000+02:00
The exchange is pulling its derivatives services around the world amid regulatory crackdowns.
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News
Airwallex Secures $200 Million in Series E Funding Round
2021-09-21T10:22:46.000+02:00
The fintech platform received a valuation of $4 billion.
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Regulation
ASIC Grants 339 New AFS Licenses in FY2020-21
2021-09-15T10:47:41.000+02:00
The agency received a total of 565 applications for new AFS licenses.
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Brokers
Stakeshop to Launch Discounted Brokerage Service in Australia
2021-09-13T11:15:04.000+02:00
The startup is now offering US stocks in the country and already has around 360,000 customers.
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Brokers
Capital.com Increases Global Presence with Expansion into Australia
2021-09-09T10:12:47.000+02:00
The company received regulatory approval to expand its services in the region.
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News
iSignthis Submits Evidence Alleging Unfair Suspension on ASX
2021-08-31T09:07:23.000+02:00
The company is seeking AU$464.7 million from the exchange operator as damages.
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Arnab Shome
News
Crypto ‘Travel Rule’ Cannot Be Implemented in Australia Yet, Bureau Says
2021-08-28T01:12:56.000+02:00
The agency still believes that it would be a 'game-changer' in the battle against terrorism funding.
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Felipe Erazo
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Regulation
ASIC Mulls to Restrict Payment for Order Flow Model
2021-08-25T09:41:40.000+02:00
The controversial model is facing the scrutiny of multiple global regulators.
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Brokers
FXCM Broadens Product Line Adding Australian Share CFDs
2021-08-25T08:32:17.000+02:00
The broker will not charge any commission or market data fee for trading with these instruments.
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Retail FX
Australians Lose More than $70 Million to Investment Scams in H1 2021
2021-08-24T09:49:28.000+02:00
Projected losses are set to cross $140 million by the end of 2021.
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Bilal Jafar
Exchanges
ASX November Outage Happened as an Update Was ‘Not Ready to Go-Live’
2021-08-23T09:31:44.000+02:00
ASIC is now investigating the exchange for any compliance failures.
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Arnab Shome
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News
Australian Police Seize $6M Worth of Cryptos Linked to Drug Trafficking
2021-08-20T17:28:51.000+02:00
The bust could be one of the biggest ever crypto seizures in Australia.
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Felipe Erazo
News
Binance Restricts Offering Crypto Derivatives in Australia
2021-08-19T14:07:33.000+02:00
This came only a day after ASIC's general warning against unlicensed crypto exchanges.
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Regulation
ASIC Warns against Trading Cryptos on Unlicensed Exchanges
2021-08-18T08:33:14.000+02:00
It urged investors to check if the platforms have an AFS license or AML.
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Arnab Shome
News
Square Plans to Acquire Australia’s Afterpay in $29 Billion Deal
2021-08-02T11:10:06.000+02:00
The closing of the transaction is expected in the first quarter of 2022.
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Bilal Jafar
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Regulation
ASX Calls for Regulations of Crypto Custodians
2021-07-21T13:42:05.000+02:00
The exchange pointed out several risks of crypto custody in a letter to the Australian Senate.
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Institutional FX
Aussie Government Seeks Consultation on FFSPs Licensing Relief
2021-07-09T09:39:08.000+02:00
ASIC earlier extended a temporary relief to FFSPs till March 31, 2023.
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Regulation
ASIC Seeks Public Feedback on Crypto ETPs
2021-06-30T09:16:46.000+02:00
The regulator will accept the feedback until July 27, 2021.
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Brokers
ASIC Cancels AFS License of Former Stockbroker BBY
2021-06-28T10:03:37.000+02:00
The regulator initially suspended the firm’s license in 2015.
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Brokers
IG Group Partners with Teach for Australia
2021-06-23T10:13:04.000+02:00
The latest partnership is part of the company’s Brighter Future initiative.
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Analysis
When Is It Time to Move Away from Retail and Become Professional?
2021-06-22T07:38:05.000+02:00
It is hard enough to produce a solid track record and generate consistent profits as an FX trader, so why make it harder?
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Richard Perona
Regulation
ASIC Extends Licensing Relief to Foreign Financial Service Providers
2021-06-11T08:49:26.000+02:00
Regulated foreign firms can now operate in the country until March 31, 2023, without a local license.
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Institutional FX
Halifax Auditor Faces Criminal Charges in Australia
2021-06-08T08:24:23.000+02:00
It has become the first audit firm to face criminal charges in the country.
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Arnab Shome
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Institutional FX
National Australia Bank Faces Money Laundering Probe
2021-06-07T09:56:16.000+02:00
Share prices of the bank dipped after the news of the investigation went public.
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