Australian regulators sue crypto asset company that claimed it was regulated

Quick Take

  • ASIC has sued BPS Financial for alleged misleading statements about its crypto asset Qoin.
  • It claims the company overstated the number of merchants that take Qoin and that is was regulated.
  •  BPS has disputed the claims and said it consulted with ASIC about the project.

Australian regulators are suing BPS Financial (BPS) for alleged misleading statements about its crypto asset Qoin.

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