Tag: Qoin

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Australian Federal Court Rules in Favor of ASIC, Against Unlicensed Qoin Crypto

May 3, 2024

An Australian Federal Court on Friday, ruled in favor of the Australian Securities and Investments Commission (ASIC) regarding an unlicensed crypto platform that misled customers. The court noted that a Gold Cost crypto promoter – BPS Financial – allegedly broke the law by promoting unlicensed crypto wallet. The firm misled customers while offering the ‘Qoin…
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ASIC fires industry warning shot as it sues BPS Financial over crypto promo

October 25, 2022

The Australian securities regulator is pursuing BPS Financial Pty Ltd for allegedly making false and misleading representations, and engaging in unlicensed conduct. Australia’s financial regulator has issued a stark warning to Australian crypto asset providers amid launching civil proceedings against Australian firm BPS Financial Pty Ltd (BPS) over “misleading” representations concerning its Qoin crypto token. …
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