ASIC – The Shib Daily

Australia Fintech Hub Status Solidifies Further with Planned Crypto Law Overhaul

September 23, 2024

Australia is taking decisive steps to cement its status as a leading global fintech hub by preparing a regulatory overhaul for the crypto industry. The Australian Securities and Investments Commission (ASIC) is set to release updated guidance within two months requiring many crypto asset

Markets·Policy·Regulation

Australian Court Rules Against Kraken’s Local Operator Over Regulatory Breach

August 23, 2024

Australia’s Federal Court has ruled against Bit Trade Pty Ltd, the local operator of the Kraken cryptocurrency exchange, for violating regulatory requirements concerning its margin trading product.The Australian Securities and Investments Commission (ASIC) brought the case, arguing that Bit Trade failed to comply with section 994B of the Corporations Act, which mandates a “target market