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The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. [ 2 ]
Coinbase was the most complained-about crypto digital wallet in the Consumer Finance Protection Bureau’s complaint database, with the volume of filings accelerating this year.
For beginners who want to get started trading crypto, however, the best advice is to start small and only use money that you can afford to lose. — Bankrate’s Brian Baker contributed to an ...
The entertainment company Viacom sued YouTube, the video-sharing site owned by Google, alleging that YouTube had engaged in "brazen" and "massive" copyright infringement by allowing users to upload and view hundreds of thousands of videos owned by Viacom without permission. [2] Google was brought into the litigation as YouTube's corporate owner.
The FTC also directed creators to its original complaint against YouTube, identifying channels and video content that they considered to be under COPPA that was the basis of their case. [ 20 ] On December 10, 2019, citing the aforementioned criticism, YouTube filed comments with the FTC requesting clarity on its rules, citing the aforementioned ...
ASIC v GetSwift Ltd is a 2023 decision of the Federal Court of Australia brought by the Australian Securities and Investment Commission (ASIC) against technology company GetSwift Ltd which resulted in the largest ever penalty awarded for corporate misconduct [1] and resulted in reforms to listing rules on the Australian Securities Exchange (ASX).
In November 2021, Squid Coin gained sudden popularity, with its valuation soaring to $2,861 per coin. Marketed as a "play-to-earn cryptocurrency," it garnered immense attention and witnessed a meteoric rise in its price, surging by thousands of percentage points.
Although ICOs can be used for fraud, they are also used for legal activities such as corporate finance and charitable fundraising. [28] The Securities and Exchange Commission (SEC) has warned investors to beware of scammers using ICOs to execute "pump and dump" schemes, in which the scammer talks up the value of an ICO in order to generate interest and drive up the value of the coins, and then ...