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Crypto.com to offer equities trading to Australians after acquiring Fintek

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Crypto.com has secured an Australian Financial Services (AFS) license, marking a significant step in the company’s expansion into the Australian market. The acquisition of the AFS license, granted by the Australian Securities and Investments Commission (ASIC), will allow Crypto.com to offer a broader range of financial products and services in the country, including trading, custody, and financial advisory services. This move underscores Crypto.com’s ongoing efforts to strengthen its regulatory compliance and build trust with users in key international markets.

The AFS license will enable Crypto.com to operate more seamlessly within Australia’s growing cryptocurrency market, which is becoming an increasingly important hub for digital assets in the Asia-Pacific region. By obtaining this license, Crypto.com joins a select group of global crypto firms that have met the stringent regulatory requirements to operate legally in the country. The license also affirms the platform’s commitment to adhering to Australian financial laws and maintaining high standards of consumer protection.

In addition to expanding its product offerings, Crypto.com’s acquisition of the AFS license is expected to enhance the platform’s credibility among Australian investors and regulators. The license will enable the company to provide local services tailored to the specific needs of Australian users while ensuring it meets the compliance standards set by ASIC. Crypto.com has been working to establish itself as a leader in the crypto space by obtaining similar regulatory approvals in other markets, including Europe and the United States.

The move comes as the Australian government continues to refine its stance on cryptocurrency regulation, with several initiatives underway to create a clearer framework for digital assets. By securing the AFS license, Crypto.com positions itself as a compliant player in the market, ready to capitalize on the growing demand for crypto services in the country. The acquisition further solidifies the platform’s global expansion strategy as it continues to seek regulatory approvals in other jurisdictions worldwide.

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Nigerian court postpones Binance tax evasion case to end of April

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A Nigerian court has adjourned the high-profile tax evasion case against cryptocurrency exchange Binance and two of its executives to April 30, extending a legal saga that has drawn significant international attention.

The Federal Inland Revenue Service (FIRS) filed the charges, accusing Binance of failing to register with local tax authorities and of neglecting its obligations under Nigeria’s tax laws. The case also targets two Binance executives, including one still in custody, as part of the government’s broader crackdown on crypto-related financial activity.

The proceedings were delayed after defense lawyers requested more time to review the charges. The court granted the adjournment, with expectations that the next hearing could see more substantive arguments presented.

Binance has not publicly commented on the latest development, but the company has previously stated its intention to cooperate with Nigerian authorities. The case unfolds amid heightened regulatory scrutiny of crypto operations in the country, following concerns over illicit capital flows and economic disruption.

As the legal process continues, industry observers are closely watching the outcome, which could shape the future of crypto regulation and enforcement across Nigeria and potentially influence wider African markets.

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Spanish police arrest six over $20M AI-powered investment scam

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Spanish authorities have shut down a sophisticated investment scam that used artificial intelligence to defraud victims of more than $20 million. The operation, which spanned multiple countries, lured investors with promises of high returns through a fake AI-driven trading platform.

The National Police arrested four individuals and identified 14 others linked to the scheme, which used aggressive marketing tactics and fake online platforms to simulate trading activity. Victims were shown fabricated profits generated by what was advertised as an advanced AI algorithm capable of outperforming the market.

Once trust was established, the scammers convinced users to invest larger sums, only to block access to their funds when withdrawal requests were made. Authorities revealed that the network operated through a network of shell companies and call centers, targeting victims across Spain and other European countries.

The investigation uncovered nearly 300 victims, though officials believe the real number could be significantly higher. Spanish police worked in coordination with international agencies to trace the scam’s financial flows and dismantle its digital infrastructure.

This takedown highlights growing concerns over AI being exploited in financial frauds and the increasing need for cross-border collaboration to combat tech-enabled scams.

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Former Kraken execs acquire real state firm Janover, disclose SOL treasury plans

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Janover Inc. saw its stock price surge by more than 1,000% after announcing a bold shift into the crypto space, including the acquisition of a digital asset company and plans to add Solana (SOL) to its corporate treasury.

The fintech firm, known for its real estate capital markets platform, revealed it had acquired a crypto-native business to spearhead its entry into decentralized finance and blockchain infrastructure. The deal marks a significant pivot for Janover as it positions itself at the intersection of traditional finance and Web3 technologies.

In addition to the acquisition, the company disclosed plans to hold Solana as a treasury asset, citing the blockchain’s high-speed, low-cost architecture as an attractive alternative to more established assets like Bitcoin or Ethereum. The move follows a growing trend of public companies diversifying reserves with digital currencies.

CEO Blake Janover described the decision as part of a broader vision to integrate decentralized technologies into financial services and unlock long-term shareholder value.

The dramatic stock rally highlights investor excitement around the company’s strategic shift and signals strong market support for Janover’s embrace of the crypto ecosystem.

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