ASX blockchain fine

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ASX Fined A$20.5 Million for Misleading Statements on Failed Blockchain Project. The Australian Securities Exchange (ASX) has received a A$20.5 million fine from Australia's Federal Court after admitt

ASX Fined A$20.5 Million for Misleading Statements on Failed Blockchain Project

The Australian Securities Exchange (ASX) has received a A$20.5 million fine from Australia's Federal Court after admitting to misleading investors about the progress of its failed blockchain-based CHESS replacement project. The Australian Securities and Investments Commission (ASIC) brought the action, citing the potential to undermine confidence in the entire Australian securities market.