Devlin Greatbatch Murphy

May 24, 2024 | lexology.com | Alice Molan |Anjelica Balis |Devlin Greatbatch Murphy

The next instalment of ASIC’s crypto enforcement series has resulted in the Federal Court determining that the ‘Qoin Wallet’ issued to store and transact crypto asset ‘Qoin’ was a non-cash payment facility (NCPF). With many digital asset platforms offering crypto wallets or wallet functionality, what does this mean for the regulatory perimeter and how does this decision tie into ongoing regulatory reforms on digital assets and payments?

May 1, 2024 | lexology.com | Alice Molan |Ayman Shash |Devlin Greatbatch Murphy

In late 2023, the Federal Parliament of Australia passed legislation introducing a new statutory framework for the Commonwealth’s identity verification services. The Identity Verification Services Act 2023 (Cth) (the Act) provides a legislative basis to operate three identity verification facilities.