{"id":47918,"date":"2021-08-18T20:08:26","date_gmt":"2021-08-18T17:08:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47918"},"modified":"2025-09-01T23:43:50","modified_gmt":"2025-09-01T20:43:50","slug":"australian-regulator-warns-investors-against-dealing-with-unlicensed-firms","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/australian-regulator-warns-investors-against-dealing-with-unlicensed-firms\/","title":{"rendered":"Australian regulator warns investors against dealing with unlicensed firms"},"content":{"rendered":"<p>The Australian Securities and Investments Commission (ASIC) urged investors to exercise caution when investing in crypto-related financial products and to avoid dealing with unregistered companies.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;Licensed entities are subject to the regulatory framework designed to uphold the integrity, quality and reputation of Australia&#8217;s financial system,\\&#8221; ASIC said.<\/p>\n<\/blockquote>\n<p>According to a Kraken cryptocurrency exchange survey, one in five Australians considered investing in Bitcoin more profitable than traditional savings. Billionaire Hamish Douglas offered a different view \u2014 he called digital assets <a href=\"https:\/\/u1f987.com\/en\/news\/australian-billionaire-calls-cryptocurrencies-a-massive-misconception\">one of the greatest mass delusions<\/a> in modern history.<\/p>\n<p>Earlier in July, the Australian <a href=\"https:\/\/u1f987.com\/en\/news\/in-australia-calls-for-a-safe-harbour-for-cryptocurrencies\">blockchain association called on authorities to take a coordinated approach<\/a> to the creation of a regulatory framework for the cryptocurrency industry.<\/p>\n<p>Follow ForkLog News on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ASIC urged investors to exercise caution when investing in crypto-related financial products and to avoid dealing with unregistered companies.<\/p>\n","protected":false},"author":1,"featured_media":47919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[108,36],"class_list":["post-47918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-australia","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=47918"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47918\/revisions"}],"predecessor-version":[{"id":47920,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47918\/revisions\/47920"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/47919"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=47918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=47918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=47918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}