Policy · 2h ago
ASX fined for misleading on failed blockchain project
Australia's Securities Exchange was fined for misleading investors about its blockchain-based settlement system. The project, intended to replace the CHESS system, was abandoned after years of delays and cost overruns. The fine underscores regulatory scrutiny of tech promises in financial infrastructure.
Meridian48 take
The fine is a cautionary tale for exchanges and fintechs hyping unproven distributed ledger tech without realistic timelines.
Read the full reporting
Failed blockchain project ends with big fine for fibs about it being on track →
The Register
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