Australia’s ASX Faces Lawsuit Over ‘Misleading’ Blockchain Project Claims—Details

Quick Summary:

A media release published earlier today by the Australian Securities and Investments Commission (ASIC) revealed that the country’s largest securities market operator, ASX Limited, is now facing legal challenges following the operator’s alleged misleading statements about its paused blockchain project.

Notably, the issue initially began when an external review by consulting firm Accenture uncovered several design flaws and substantial challenges, contradicting public assurances by ASX.

However, ASIC contends these claims were “baseless ” and “deceptive,” as internal assessments painted a different picture during that period.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: HungaryAustralia

Topics: Australia and Crypto Crypto News Blockchain Project Blockchain Crypto ASX Crypto Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 10:30:37 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22086114

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Official Website: bitcoinist.com

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News Last Updated: 9 hours ago

Coverage Areas: Hungary

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