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Australian Federal Court Dismisses ASIC Appeal, Favoring Crypto Lender Block Earner

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The Federal Court of Australia has ruled in favor of crypto lender Block Earner, overturning a decision that it needed an Australian financial services license (AFSL) to offer its crypto-linked ‘Earner’ product. The court has dismissed the financial regulator ASIC’s suit to impose penalties on the digital asset platform. Per a Tuesday judgment, the court […]

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Australia shutters crypto scam network linked to M in global losses

Australia shutters crypto scam network linked to $35M in global losses

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Australia’s financial regulator has shut down 95 companies linked to crypto and romance scams. On April 7, the Australian Securities and Investments Commission (ASIC) announced that the Federal Court approved its request to dissolve these entities due to misconduct and fake registrations. ASIC revealed that these companies had been set up using false details and

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Australia Shuts Down 95 Firms Linked to Crypto Investment and Romance Scams

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Authorities in Australia have taken action against a major network of fraudulent companies linked to crypto investment and romance scams, shutting down 95 firms believed to be operating under false pretenses. In an April 8 statement, the Australian Securities and Investments Commission (ASIC) announced that the Federal Court had approved its application to wind up

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Australian Crypto Investor Andre Rebelo Sentenced to 25 Years for Murdering His Mother

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Key Takeaways: A crypto investor’s hidden financial strain fuels an unthinkable act against a close family member. The case challenges our assumptions about wealth and exposes risky behavior behind online allure. It sparks debate on how financial pressures can distort personal values and family ties. Andre Rebelo, an Australian crypto investor and former partner of

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Aussie Watchdog Places Crypto ATM Providers ‘On Notice,’ Warns Over Missing AML Checks

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Australia’s financial intelligence agency AUSTRAC, has warned crypto ATM operators on missing anti-money laundering checks and helping criminals launder money. In a statement released Monday, the AML watchdog highlighted “worrying trends” of suspicious activities and transactions. The notice arrives months after a panel of experts from AUSTRAC formed an internal taskforce to address AML and

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Australia plans clear crypto laws to boost innovation and investor safety

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Australia is taking decisive steps toward establishing a clear regulatory framework for the crypto sector, according to the Treasury’s Statement on Developing an Innovative Australian Digital Asset Industry. The Treasury said the move aims to provide greater consumer protection, reduce risk, and bring much-needed clarity to the industry. Regulatory framework Under the proposed framework, certain

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Australian Authorities Take Down Binance Impersonators in Crypto Scam Crackdown

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Australian authorities have intensified efforts to combat crypto scammers impersonating Binance, the world’s largest cryptocurrency exchange by trading volume. The Australian Federal Police (AFP), National Anti-Scam Centre (NASC), and Binance Australia have issued warnings to victims about the sophisticated fraud scheme, which leverages fake messages to deceive users into transferring their crypto holdings. In a

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