The Australian government pushes crypto regulation forward, and the Australian Securities and Investments Commission (ASIC) leads the charge. ASIC has decided to temporarily freeze three crypto-related funds operated by Holon, a Sydney-based asset management firm.
Has the Australian government gone too far in deciding how its citizens can invest? ASIC leans on its Target Market Determinations (TMDs), criticizing the funds for not aligning with their investor base’s objectives and financial situations.
Australian Crypto Funds On Ice
Three funds that exposed investors to Bitcoin, Ethereum, and Filecoin have been put on ice. Regulators cited that the volatility of cryptocurrencies made the investments unsuitable for a broad market audience.
Holon will not be allowed to continue offering investors exposure to these cryptos until compliance has been ensured, but currently, no clear steps forward to ensure compliance have been provided to the public. The proliferation of cryptocurrency scams drives Australia’s hard line towards cryptocurrencies and cryptocurrency-related financial products. But unfortunately, the government targets the wrong entities.
Australian Regulator Halts Crypto-Related Funds but Cannot Halt DeFi and Projects Like Oryen Network
Australia’s crackdown on crypto seems set to continue. Luckily for investors, there is little Australian authorities can do regarding investors operating within DeFi. As a result, assets stored in non-custodial wallets remain firmly in the hands of investors, and they can utilize these assets in whatever manner they see fit.
A new robust wealth-building protocol Oryen Network has escaped the regulatory crackdown due to its decentralized nature. With the protocol focusing on security and introducing its auto-staking features, it seems a natural alternative for investors seeking continued exposure to the fastest-growing financial sector- DeFi- whilst prioritizing safety.
Oryen’s unique OAT (Oryen Autostaking Technic) system means that staking and compounding take place directly from the wallet. And this DeFi project mirrors a fund’s behavior, designed as a low-touch investment vehicle, making it an ideal alternative for Australians. Better still, its returns are far more exciting.
Closing Thoughts
The future extent of the Australian government’s clampdown on crypto remains unknown. However, a heavy hand will deprive Australians of investing in the next iteration of finance and likely do more harm than good.
Thankfully Australians can still invest within DeFi, and numerous audited protocols abound for these investors. Oryen is one such protocol, and its presale offers investors a 15% token bonus making it not only an uncensored borderless protocol but also an attractive investment opportunity.
The post The Australian Securities and Investments Commission Put Halts On 3 Crypto Funds, Oryen Network Uniquely Placed To Be Unaffected appeared first on Analytics Insight.
The Australian government pushes crypto regulation forward, and the Australian Securities and Investments Commission (ASIC) leads the charge. ASIC has decided to temporarily freeze three crypto-related funds operated by Holon, a Sydney-based asset management firm.
Has the Australian government gone too far in deciding how its citizens can invest? ASIC leans on its Target Market Determinations (TMDs), criticizing the funds for not aligning with their investor base’s objectives and financial situations.
Australian Crypto Funds On Ice
Three funds that exposed investors to Bitcoin, Ethereum, and Filecoin have been put on ice. Regulators cited that the volatility of cryptocurrencies made the investments unsuitable for a broad market audience.
Holon will not be allowed to continue offering investors exposure to these cryptos until compliance has been ensured, but currently, no clear steps forward to ensure compliance have been provided to the public. The proliferation of cryptocurrency scams drives Australia’s hard line towards cryptocurrencies and cryptocurrency-related financial products. But unfortunately, the government targets the wrong entities.
Australian Regulator Halts Crypto-Related Funds but Cannot Halt DeFi and Projects Like Oryen Network
Australia’s crackdown on crypto seems set to continue. Luckily for investors, there is little Australian authorities can do regarding investors operating within DeFi. As a result, assets stored in non-custodial wallets remain firmly in the hands of investors, and they can utilize these assets in whatever manner they see fit.
A new robust wealth-building protocol Oryen Network has escaped the regulatory crackdown due to its decentralized nature. With the protocol focusing on security and introducing its auto-staking features, it seems a natural alternative for investors seeking continued exposure to the fastest-growing financial sector- DeFi- whilst prioritizing safety.
Oryen’s unique OAT (Oryen Autostaking Technic) system means that staking and compounding take place directly from the wallet. And this DeFi project mirrors a fund’s behavior, designed as a low-touch investment vehicle, making it an ideal alternative for Australians. Better still, its returns are far more exciting.
Closing Thoughts
The future extent of the Australian government’s clampdown on crypto remains unknown. However, a heavy hand will deprive Australians of investing in the next iteration of finance and likely do more harm than good.
Thankfully Australians can still invest within DeFi, and numerous audited protocols abound for these investors. Oryen is one such protocol, and its presale offers investors a 15% token bonus making it not only an uncensored borderless protocol but also an attractive investment opportunity.
The post The Australian Securities and Investments Commission Put Halts On 3 Crypto Funds, Oryen Network Uniquely Placed To Be Unaffected appeared first on Analytics Insight.