Report: Chinese Customs Authority Confiscates 49 Old ASIC Antminers
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Chinese authorities continue to crackdown against bitcoin miners after they seized 49 second-hand Bitmain ASIC Antminers from unnamed individuals that recently attempted to smuggle in the devices…
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Key Highlights ASIC extended the crypto licensing deadline to September 30, 2026, giving firms more time to comply. The extension covers AFS licences, market licences, and clearing and settlement licences, including firms using intermediaries or authorized representatives. Around 30 applications have already been submitted, as ASIC prepares for stricter crypto…
ASIC does not allow crypto leverage to be higher than 2:1; Bitget, at 125:1, does not have a license. Unregulated futures do not provide Australian investors with essential protection and legal redress. Various international regulators have warned about unlicensed crypto products by Bitget. The regulator, Australian Securities and Investments Commission…
Australia financial regulator, ASIC, is stepping up its fight against online scams after dismantling 14,000 fraudulent websites since July 2023, more than 3,000 of which were linked to cryptocurrency. The ASIC said its enforcement efforts will now extend to include social media advertisements, which are increasingly being used to lure…