- The Australian Securities and Investments Commission (ASIC) is warning Australian investors to be wary of unlicensed entities that offer financial products related to cryptocurrencies, as licensed entities offer certain protections for investors. The ASIC said it had received reports from investors across Australia of citizens experiencing significant losses after trading crypto financial products such as options, futures, leveraged tokens and binary options, attributed to “excessive leverage, platform outages, or unfair liquidations.”
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