Joe Longo Smiling over ‘Aggressive’ ASIC Criticisms

Joe Longo smiling over ‘aggressive’ ASIC criticisms

Despite claims that the watchdog has become a “gotcha regulator”, the ASIC chairman wants it to have a reputation for being “forthright, bold and ambitious”.

Why ASIC is Cracking Down on Bitget’s 125x Crypto Futures in Australia

The post Why ASIC is Cracking Down on Bitget’s 125x Crypto Futures in Australia appeared on BitcoinEthereumNews.com. Why ASIC is Cracking Down on Bitget’s 125x Crypto Futures in Australia ASIC does not allow crypto leverage to be higher than 2:1; Bitget, at 125:1, does not have a license. Unregulated futures do not provide Australian investors with essential protection and legal redress. Various international regulators have warned about unlicen…

Bitget Slammed by ASIC for Unlicensed Crypto Futures in Australia

Australia’s financial regulator has issued a warning to Bitget for offering crypto futures products without proper authorization .

ASIC Issues Warning Over Bitget's 'Unlicensed' Crypto Futures Products in Australia - WorldNL Magazine

In brief ASIC has accused Bitget of offering unlicensed crypto futures to Australians, lacking an AFS licence and bypassing investor protections. Bitget’s products offer up to 125x leverage, far above ASIC’s 2:1 limit, exposing users to major financial risks, ASIC said. Global regulators have issued similar warnings since 2022, with actions taken in Spain, Japan, Germany, and other jurisdictions. The Australian Securities and Investments Commiss…

Mayfair investors slam ASIC

A group of individuals invested in the financial products of the Mayfair 101 Group has strongly criticised ASIC’s actions against the fund manager.

ASIC Issues Warning Over Bitget's 'Unlicensed' Crypto Futures Products in Australia

ASIC has accused Bitget of targeting Australian investors with unlicensed crypto futures, marking its latest move to rein in platforms.