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Australia Sets September 30 Deadline for Crypto Firm Licensing
Australia’s financial regulator has warned crypto businesses relying on temporary enforcement relief to apply for the licences they need by September 30. ASIC said firms operating without the required authorisation from October 1 could face legal consequences, including penalties of up to 10 percent of annual turnover.
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Nexo Australia Begins Offering Credit Lines Against Cryptocurrency Collateral
Nexo Australia has launched cryptocurrency-backed credit lines after receiving credit representative authorisation under Australia’s consumer credit framework. Eligible customers can borrow Australian dollars or stablecoins against their digital assets, with advertised annual interest rates ranging from 0.9 percent to 21.9 percent. The products a...
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Asics Gel-Kayano 33 Review: Pure Comfort for Runners
Asics Gel-Kayano series has long been a dependable running option for many. The brand, however, gave the series a philosophical shift away from rigid, intrusive plastic medial posts toward an integrated, holistic approach to support. With the all-new Gel-Kayano 33, Asics is attempting to strike a difficult balance, injecting a softer, max-cushion f...
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Onitsuka Tiger Pivots From Asics Stripes to Tap Luxury Market
The sneaker maker is set to be spun off from parent Asics on Jan 1 to capitalise on a resurgence in interest for retro aesthetics and Japanese style
-
Asics GEL-Kayano 33 Launched in India With New Stability Tech, FluidSupport System
The Asics GEL-Kayano 33 was launched in India on Friday as the latest addition to the flagship stability running shoe lineup. As per the company, the product builds upon the legacy of the GEL-Kayano series and brings upgraded cushioning for a more comfortable running experience. With the Asics GEL-Kayano 33, the brand has introduced a new FluidSupp...
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Australia Mandates Financial Services Licences for Crypto Exchanges Under New Bill
Australia has introduced a new bill mandating financial services licences for cryptocurrency exchanges operating in the country. The move aims to align digital asset platforms with traditional financial regulations, improve investor protection, and enhance market transparency. Exchanges will be required to meet compliance and disclosure standards a...
-
Australian Lawmakers Advance New Bill to Regulate Crypto Platforms
An Australian Senate committee has recommended passing a new bill aimed at regulating cryptocurrency platforms under the country’s financial services framework. The proposed legislation would introduce licensing and compliance requirements for exchanges and custody providers handling digital assets. If approved by Parliament, the bill could bring...
-
ASIC Clarifies Crypto Rules; Stablecoins, Tokenised Assets Flagged as Financial Products
Australia’s financial regulator, ASIC, has issued long-awaited guidance clarifying which crypto assets fall under financial products. The move provides legal certainty for firms but raises concerns about the regulator’s capacity to handle new licensing demands. Under the revised framework, stablecoins, wrapped tokens, and tokenised securities w...
-
Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries
The Australian Securities and Investments Commission (ASIC) has introduced class relief that exempts intermediaries from needing separate licences to distribute stablecoins issued by licensed providers. The initiative is intended to lower compliance hurdles and encourage growth in the digital assets sector. At the same time, ASIC emphasised that is...
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After Kraken, Binance Sued by ASIC in Australia: Here’s Why
The ASIC has filed a lawsuit in federal court, accusing Binance's local subsidiary of misclassifying 505 retail investors as wholesale investors. As a result, the exchange is alleged to have failed to provide the necessary consumer protection for these retail investors.
-
Kraken Fined in Australia for Legal Violations Resulting in Financial Losses to Citizens
Australia has fined US-based crypto exchange Kraken $5.1 million (roughly Rs. 43 crores or AUD 8 million). The ASIC criticised Bit Trade, which operates Kraken locally, for improper marketing that led to financial losses for Australian citizens.
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From Sneakers That Prioritise Comfort For Everyday Wear To Jackets That Will Help You Layer Up In Style; 10 Fashion Launches That Are November's Top Picks
The new launches for November 2024 serve all the fashion offerings in a nutshell
-
Binance to Close Australian Derivatives Business Amid Financial Services Licence Cancellation
Binance will close its Australian derivatives business after relinquishing a financial services licence on Thursday amid a regulatory probe into its operations. The Australian Securities and Investment Commission (ASIC) has been conducting a "targeted review" of Binance, first confirmed in February, when Binance said it had misclassified some retai...
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Facebook Parent Meta to Use Broadcom Chips for Metaverse Hardware in a Billion-Dollar Deal: Report
Facebook parent Meta will become Broadcom next billion-dollar ASIC customer as the company plans to use custom chips to build its metaverse hardware, suggested a report. ASIC (application-specific integrated circuit) chips will drive $2 billion to $2.5 billion in revenue for Broadcom this year, helped by its deals with Meta and partnerships with Al...
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Intel Launches Blockscale ASIC Second-Gen Bitcoin Mining Chip: Here's All You Need to Know
One of the world's largest semiconductor manufacturers, Intel has unveiled its new Bitcoin mining chip ‘Blockscale’. The chip seeks to increase the energy efficiency of the proof-of-work (PoW) consensus mechanism.
-
Australia Sets September 30 Deadline for Crypto Firm Licensing
Australia’s financial regulator has warned crypto businesses relying on temporary enforcement relief to apply for the licences they need by September 30. ASIC said firms operating without the required authorisation from October 1 could face legal consequences, including penalties of up to 10 percent of annual turnover.
-
Nexo Australia Begins Offering Credit Lines Against Cryptocurrency Collateral
Nexo Australia has launched cryptocurrency-backed credit lines after receiving credit representative authorisation under Australia’s consumer credit framework. Eligible customers can borrow Australian dollars or stablecoins against their digital assets, with advertised annual interest rates ranging from 0.9 percent to 21.9 percent. The products a...
-
Asics Gel-Kayano 33 Review: Pure Comfort for Runners
Asics Gel-Kayano series has long been a dependable running option for many. The brand, however, gave the series a philosophical shift away from rigid, intrusive plastic medial posts toward an integrated, holistic approach to support. With the all-new Gel-Kayano 33, Asics is attempting to strike a difficult balance, injecting a softer, max-cushion f...
-
Onitsuka Tiger Pivots From Asics Stripes to Tap Luxury Market
The sneaker maker is set to be spun off from parent Asics on Jan 1 to capitalise on a resurgence in interest for retro aesthetics and Japanese style
-
Asics GEL-Kayano 33 Launched in India With New Stability Tech, FluidSupport System
The Asics GEL-Kayano 33 was launched in India on Friday as the latest addition to the flagship stability running shoe lineup. As per the company, the product builds upon the legacy of the GEL-Kayano series and brings upgraded cushioning for a more comfortable running experience. With the Asics GEL-Kayano 33, the brand has introduced a new FluidSupp...
-
Australia Mandates Financial Services Licences for Crypto Exchanges Under New Bill
Australia has introduced a new bill mandating financial services licences for cryptocurrency exchanges operating in the country. The move aims to align digital asset platforms with traditional financial regulations, improve investor protection, and enhance market transparency. Exchanges will be required to meet compliance and disclosure standards a...
-
Australian Lawmakers Advance New Bill to Regulate Crypto Platforms
An Australian Senate committee has recommended passing a new bill aimed at regulating cryptocurrency platforms under the country’s financial services framework. The proposed legislation would introduce licensing and compliance requirements for exchanges and custody providers handling digital assets. If approved by Parliament, the bill could bring...
-
ASIC Clarifies Crypto Rules; Stablecoins, Tokenised Assets Flagged as Financial Products
Australia’s financial regulator, ASIC, has issued long-awaited guidance clarifying which crypto assets fall under financial products. The move provides legal certainty for firms but raises concerns about the regulator’s capacity to handle new licensing demands. Under the revised framework, stablecoins, wrapped tokens, and tokenised securities w...
-
Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries
The Australian Securities and Investments Commission (ASIC) has introduced class relief that exempts intermediaries from needing separate licences to distribute stablecoins issued by licensed providers. The initiative is intended to lower compliance hurdles and encourage growth in the digital assets sector. At the same time, ASIC emphasised that is...
-
After Kraken, Binance Sued by ASIC in Australia: Here’s Why
The ASIC has filed a lawsuit in federal court, accusing Binance's local subsidiary of misclassifying 505 retail investors as wholesale investors. As a result, the exchange is alleged to have failed to provide the necessary consumer protection for these retail investors.
-
Kraken Fined in Australia for Legal Violations Resulting in Financial Losses to Citizens
Australia has fined US-based crypto exchange Kraken $5.1 million (roughly Rs. 43 crores or AUD 8 million). The ASIC criticised Bit Trade, which operates Kraken locally, for improper marketing that led to financial losses for Australian citizens.
-
From Sneakers That Prioritise Comfort For Everyday Wear To Jackets That Will Help You Layer Up In Style; 10 Fashion Launches That Are November's Top Picks
The new launches for November 2024 serve all the fashion offerings in a nutshell
-
Binance to Close Australian Derivatives Business Amid Financial Services Licence Cancellation
Binance will close its Australian derivatives business after relinquishing a financial services licence on Thursday amid a regulatory probe into its operations. The Australian Securities and Investment Commission (ASIC) has been conducting a "targeted review" of Binance, first confirmed in February, when Binance said it had misclassified some retai...
-
Facebook Parent Meta to Use Broadcom Chips for Metaverse Hardware in a Billion-Dollar Deal: Report
Facebook parent Meta will become Broadcom next billion-dollar ASIC customer as the company plans to use custom chips to build its metaverse hardware, suggested a report. ASIC (application-specific integrated circuit) chips will drive $2 billion to $2.5 billion in revenue for Broadcom this year, helped by its deals with Meta and partnerships with Al...
-
Intel Launches Blockscale ASIC Second-Gen Bitcoin Mining Chip: Here's All You Need to Know
One of the world's largest semiconductor manufacturers, Intel has unveiled its new Bitcoin mining chip ‘Blockscale’. The chip seeks to increase the energy efficiency of the proof-of-work (PoW) consensus mechanism.
