ASIC Warning
ASIC Warning – The Australian Securities and Investments Commission (ASIC) issued a news article on 18th August 2021. Where the commission cautions Australians against investing in crypto-asset-related financial products such as options and futures through unlicensed entities.
ASIC Warning
They point out that by dealing with a licensed operator, you have certain protections as an investor.
An entity is required to be licensed by ASIC if they provide financial services (such as advising or dealing) in relation to financial products offered in Australia.
Be wary of entities or platforms unlicensed to offer financial products
More on this in our article How to buy cryptocurrency in Australia
Read the full news article from ASIC here: Warning: Trading crypto-asset related financial products through unlicensed entities
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