The CEO of Australian fintech firm Block Earner said a lack of regulatory clarity is creating friction between regulators and innovators.
for crypto in the country and said the “lack of clarity [...] creates friction between regulators and innovators,” adding:
“In an ideal world, we would build these products in a regulatory sandbox with more clarity around licensing regimes. In the future, we look forward to working with ASIC and other regulators in this space.” According to Karaboga, Block Earner had filed for a credit license and advised ASIC it would apply for an AFS license for its upcoming products as “the licensing requirements are clear.”took action againstIt said its “key priority” is targeting “unlicensed conduct and misleading promotion of crypto-asset financial products” after it alleged the Qoin token creators were “misleading” its users.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia's Markets Watchdog Sues Fintech Company Block EarnerAustralia's markets regulator asicmedia is suing fintech company blockearner for allegedly offering unlicensed fixed-yield earning products based on crypto-assets saying the products should have been licensed. By amitoj
Read more »
Block.one and its CEO become largest Silvergate Capital shareholdersBlock.one, the company that originally developed the EOSIO blockchain platform, has bought close to 10% of the shares in transfer network Silvergate Bank’s Silvergate Capital holding company.
Read more »
Australian regulator sues fintech company over alleged unlicensed crypto servicesAustralia's financial watchdog has sued an Aave and Coinbase-backed fintech company, Block Earner, over unlicensed crypto services.
Read more »
SF Church Aims to Bring Community Together With Tenderloin Pre-Thanksgiving PartyA pre-Thanksgiving block party brought people together at San Francisco's Tenderloin.
Read more »
Supreme Court declines to block release of Trump tax returns to CongressThe order clears the way for Democrats to obtain Trump's tax records weeks before Republicans take control of the House in January.
Read more »
BlockFi puts client loans into forbearance, email showsBlockFi has put client loans into forbearance, according to a customer email viewed by The Block.
Read more »