Amitoj Singh is a CoinDesk reporter.
Australia's securities regulator has sued the nation's largest exchange, ASX, for making misleading statement about its now-cancelled blockchain project.
Australia's Securities and Investment Commission has sued the country's largest market operator, ASX Limited, for allegedly making misleading statements about how its blockchain project to replace its aged Clearing House Electronic Subregister System was progressing, before revealing that it had cancelled the project, the regulator
ASX did not immediately respond to a CoinDesk request for comment. “We recognize the significance and serious nature of these proceedings. We cooperated fully with ASIC’s investigation and are now carefully reviewing and considering the allegations,” ASX chief executive Helen Lofthouse said according to
These representations were"deceptive" because at the time of the announcements, the project was not on track to the plan.
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