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Another Chinese national arrested for $100M crypto scam in Australia

The crypto scam baited US victims into investing in manipulated crypto and forex trading sites while Chinese students legitimized the scheme.

eToro sued down under over ‘wholly inadequate’ customer checks

ASIC says that eToro’s lax screening test for its contract for difference product could have led to “a significant risk of consumer harm.”

FTX Australia saw its license revoked on July 14 and it now has until July next year to fully wind down all of its operations in the country.

Binance had its Australia locations raided by ASIC on Tuesday, hot on the heels of a French raid probing money laundering.

Banks in Australia claim that crypto restrictions are in place as 40% of scams in Australia “touch” crypto.