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Showing 1 - 10 of 13 results for "Cryptocurrency investment"

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... financial services business. Creigh is the director of Panacea Capital. He operated the Panacea Capital Cryptocurrency Investment Fund (Crypto Fund) between April 2021 and June 2022. ASIC found Creigh operated the Crypto Fund while unlicensed. In addition ...

Unlicensed crypto investor faces jail time

CHLOE WALKER  |  TUESDAY, 6 FEB 2024
A Queensland man has been charged with nine offences and is facing imprisonment for running a financial services business without a licence. The charges were filed after an investigation by ASIC, which discovered that Aryn Hala had made promises to ...

Cosmos AM, Purpose Investments crypto JV

CHLOE WALKER  |  MONDAY, 21 FEB 2022
... Purpose Investments (Purpose) have entered a joint venture partnership, which will see the launch of new cryptocurrency investment products in Australia. Cosmos AM, which launched its first cryptocurrency ETF (DIGA) on Cboe Australia (formerly Chi-X) ...

Aussies shell out $51m on crypto fees

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... as a waste of money," he said. ASIC is warning self-managed super funds about the increased number of cryptocurrency investment scams. "It is best practice for superannuation fund members to seek advice from a licensed financial adviser before agreeing ...

Financial watchdog warns on crypto

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
In a public statement this week, the Australian Securities and Investment Commission ( ASIC) has issued a warning urging self-managed super funds (SMSFs) to consider the risks of cryptocurrency investments. The corporate regulator said that it had noticed ...

Bitcoin exposure added to platform

ANNABELLE DICKSON  |  WEDNESDAY, 10 NOV 2021
... governance Damian Cilmi said. "There is growing interest in the high net wealth investor segment for cryptocurrency investment opportunities and the formation of Monochrome Research shows industry-defining leadership on building knowledge and education ...

Commonwealth Bank to add crypto services

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
Commonwealth Bank will become the first bank in Australia to offer the ability to buy, sell and hold crypto assets via a strategic partnership with Gemini and Chainalysis. The bank has designed a crypto exchange and custody service which will be offered ...

Family office makes crypto play

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 OCT 2021
The Smorgon family office has taken a stake in a cryptocurrency investment platform. The Victor Smorgon Group (VSG) has taken an equity stake in crypto asset investment platform Zerocap. Zerocap has plans to be a significant full service advisory and ...

ASIC issues warnings on investment scams

ANNABELLE DICKSON  |  FRIDAY, 14 MAY 2021
The corporate regulator identified several ongoing investment scams including duping consumers into establishing self-managed super funds, and advertisements for crypto-asset and contracts for difference disguised as fake news articles. ASIC has discovered ...

ASIC bans crypto scammer

ALLY SELBY  |  FRIDAY, 4 SEP 2020
ASIC has banned a former national representative of a cryptocurrency investment scheme from financial services for seven years, after it was found he engaged in misleading or deceptive conduct. New South Wales based John Louis Anthony Bigatton has copped ...
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