Australian securities regulator sues ASX over misleading statements about blockchain project

Bobby Cirus

Australian securities regulator sues ASX over misleading statements about blockchain project

Australia’s Securities and Investment Commission (ASIC) has charged the country’s largest market operator, ASX Limited, with making misleading statements about the progress of its blockchain project to replace the outdated Clearing House Electronic Subregister System (CHESS). It subsequently announced that the project had been cancelled, the regulator announced on Wednesday.

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