“Australian crypto lender, Helio Lending, falsely claimed to hold an Australian Credit License, leading to a good behavior bond penalty by ASIC. This case highlights the need for blockchain companies to maintain credibility through regulatory compliance, elevates the role of regulatory bodies in licensing blockchain firms, and underscores the importance of honesty and ethical conduct in building community trust.”
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Crypto Lender Faced with Penalty: The Cost of Misleading in Blockchain Industry
The Australian-based cryptocurrency lender, Helio Lending, was issued a non-conviction bond after falsely claiming to possess an Australian credit license. Australian Securities and Investments Commission (ASIC) alleges these false claims misled clients. This legal action emphasizes ASIC’s mission to regulate the volatile cryptocurrency space.
From Bankruptcy to Galaxy Digital: Examining Leon Marshall’s Crypto Journey and Industry Resilience
Crypto veteran Leon Marshall joins Galaxy Digital as global head of sales, bringing valuable experience from Gnosis, CryptoCompare, UBS, and JPMorgan Chase. Despite recent challenges, Marshall remains optimistic about the digital asset industry’s future and Galaxy’s role within.