Australian regulator issues warning about unlicensed crypto businesses
Based on the reports from Aussie investors, ASIC said that citizens have suffered significant losses due to “excessive leverage, platform outages, or unfair liquidations.” As crypto breaches mainstream finance, authorities have started issuing warnings to citizens against unregistered crypto businesses. Joining this list today is the Australian Securities and Investments Commission (ASIC) as it warned Aussie investors to be wary of unlicensed entities that offer financial products.In a statement released by the ASIC, the regulator advised Australian citizens to make crypto-asset related....
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