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ASIC Sues Binance For Denying Important Consumer Protections

The Australian corporate watchdog sued Binance’s Australian arm for failing to protect consumers misclassified as ‘wholesale clients.’ The investors were apparently exposed to highly speculative and risky crypto products, the Australian Securities and Investments Commission (ASIC) claimed. Oztures Trading Pty…

CyberKongz NFT Collection Hit with SEC Wells Notice

CyberKongz NFT Collection Hit with SEC Wells Notice | INFbusiness

NFT collection CyberKongz announced late Monday that the SEC issued a Wells notice, signaling its intent to charge the project. This notice means the regulator believes there might be securities law violations and is preparing to take enforcement action against…