Tag: Australia
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Australian Securities and Investments Commission v Web3 Ventures Pty Ltd
What’s the case about? Whether cryptocurrency lending products called “Earner” and “Access” offered by Web3 Ventures Pty Ltd were a managed investment scheme, a facility by which a person made a financial investment and/or a derivative for the purposes of the Corporations Act 2001 (Cth). Background In Australian Securities…
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Re FTX Australia Pty Ltd (admin apptd) and FTX Express Pty Ltd (admin apptd)
What’s the case about? How voluntary administrators should treat customers of Australian companies involved in a global cryptocurrency trading platform for the purposes of the administration. Background In Re FTX Australia Pty Ltd (admin apptd) and FTX Express Pty Ltd (admin apptd) – Judicial Directions Application [2023] VSC 788, Her…
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Senate Economics Legislation Committee releases its report on the Digital Assets (Market Regulation) Bill 2023
The Senate’s Economics Legislation Committee recently released its report on the Digital Assets (Market Regulation) Bill 2023. The bill was introduced by Senator Andrew Bragg on 29 March 2023 as a private member’s bill. The bill sought to implement a licensing regime for digital assets and to establish reporting requirements…
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Commissioner of the Australian Federal Police v Bigatton
What’s the case about? The New South Wales Supreme Court made restraining orders and custody and control orders under the Proceeds of Crime Act 2002 (Cth) in respect of property which included Bitcoin and Ether. Background The Commissioner sought orders pursuant to the Proceeds of Crime Act 2002 (Cth) (POC…
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Karis v Digital CC Management Pty Ltd (No 2)
What’s the case about? An application for the transfer and preservation of bitcoin pending the ultimate determination of proceedings. Background The proceedings concerned a dispute between cryptocurrency traders as to the manner in which certain companies were established and their various roles and entitlements. One of the matters in dispute…
Proof of Case 