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ASIC roundup: Crypto firm fined $9 million for unlicensed operations, plus other news

Montage of the Australian arms Emu and Kangaroo emblem
GRIP Montage: ASIC/Getty Images

Hameed Shuja

2 min read
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The Australian Securities and Investments Commission’s latest actions and news, January 24– 29, 2026.

BPS Financial Pty Ltd (BPS Financial), a crypto firm that promoted the Qoin Wallet (wallet), has been fined A$14m ($9.8m) by the Australian Federal Court for “unsolicited conduct,” according to an ASIC press release.

The firm promoted the wallet as a non-cash payment facility linked to a digital crypto

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