Australia: ASIC Public Lawsuit regarding Digital Currency Assets of Blockchain Mining Companies
Progress
Current status
under deliberation
12 Apr 2024 under deliberation
Scope
Implementers
Australia
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
DLT development
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
Announced ASIC Public Lawsuit regarding Digital Currency Assets of Blockchain Mining Companies
On 12 April 2024, the Australian Securities and Investments Commission (ASIC) announced the initiation of civil proceedings against blockchain mining companies NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, along with their sole directo…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
judiciary
Government body
court