Tag Archives: asic

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The Australian Securities and Investment Commission (ASIC) is suing the Gold Coast-based digital currency Qoin. In court documents, the financial watchdog alleges that the crypto platform made either “false” or “misleading” representations when it marketed itself to roughly 80,000 traders. ASIC Is Eying Qoin Among the company’s statements that ASIC claims are untrue was one that Qoin could be traded for several other cryptocurrencies or for the Australian dollar via...

The Australian Securities and Investments Commission (ASIC) is expanding its digital currency team and says it’s looking to impose more regulation on crypto assets and their respective users, thus making it hard to sell digital currencies within Australia. ASIC Is Going to Be Tough on Crypto Under the new rules, all digital currencies would be classified as “financial products.” The decision comes after Ethereum – the world’s second largest digital currency by market cap...

Nowadays lots of crypto analysts are looking forward to the halving event, wondering what it means and how the crypto community will respond to the changes. Mr. Ilya Goldberg, executive partner at ECOS believes: the halving event holds a much more positive change for the crypto environment than you may have initially thought.So what exactly is a halving event? In layman’s terms, it is when the reward for mining new Bitcoin blocks is cut in half, and it occurs every 210,000 blocks. If we look...