161-170 of 248 results
Regulating crypto: Government releases consultation paper on proposed licensing and custody requirements
The Federal Government is seeking feedback on a proposed new licensing regime for crypto asset secondary service providers (CASSPrs) and new requirements regulating custody of crypto assets. The new regime would potentially sit alongside the existing AFS licensing regime, with possible overlap and inconsistency in treatment of service providers. The Government is also seeking early views on how crypto assets should be defined and categorised as part of a 'crypto mapping' exercise. The consultation period runs until 27 May 2022. ...
Allens advises on sale of Playground XYZ
Playground XYZ is a client of Allens' Accelerate practice, which was the first dedicated startups and scaleups practice from a major law firm in Australia. 'We are delighted to have assisted the ...
Allens advises Canopus Networks on $10 million capital raise
The new funding will allow Canopus Networks to accelerate its growth and expand into 5G, gaming and international markets. 'We are delighted to have assisted Canopus on this transaction given our ...
Government sets out agenda for big changes to regulation of payments and digital assets
The Government's response paper — 'Transforming Australia's Payments System' — addresses the recent Review of the Australian Payments System, the report of the Senate Select Committee on Australia as a Technology and Financial Centre and the Parliamentary Joint Committee Corporations and Financial Services Report on Mobile Payment and Digital Wallet Financial Services. ...
Allens advises Westpac on MoneyBrilliant acquisition
The deal represents a continuation of Westpac’s digital transformation strategy, with the MoneyBrilliant app to ultimately be integrated into Westpac's digital banking app. 'The transaction is ...
In Touch: Highest total penalty amount ever imposed under ACL; and other developments
NAB acquisition of Citigroup Australia Pty Limited’s Aust consumer business; Turnitin LLC's acquisition of Ouriginal Group AB; Techtronic Industries Australia; JBS acquisition of Rivalea Holdings and Oxdale Dairy Enterprise; Compass Matin; Australian Institute of Professional Education Pty Ltd ...
In Touch: Meta cleared to acquire Kustomer; and other developments
Mereenie gas field joint marketing; Meta's acquisition of Kustomer; Alkaloids of Australia pleads guilty to criminal cartel charges; no appeal for Volkswagen; Please Hold agrees to amend contracts; Bare Cremation pays penalty for allegedly misleading consumers ...
Carbon trading platforms – what's happening in Australia's rapidly growing market?
Demand for Australian Carbon Credit Units (ACCUs) and other carbon credits, continues to surge domestically. To date, carbon credits trades in Australia typically involve the purchaser and seller entering into carbon credit offtake agreements, which can entail complexity and cost. ...
Digital Platform Services Inquiry Third Interim Report – introducing choice screens in general search services
The ACCC recently published its third Digital Platform Services Inquiry Interim Report (Choice Screen Report) as part of its ongoing role monitoring the impact of digital platforms on competition and consumers. The Choice Screen Report focuses on the impact of pre-installation and default arrangements on competition and consumer choice in the supply of web browsers and general search services. ...
Linklaters Insights: Booming foreign investment in data centres faces regulatory heat
Data centres, the warehouses underpinning the digital aspects of our working and home lives, have become red hot assets, with investors piling into the sector – and regulators in the West signalling their readiness to closely scrutinise foreign investment (FI). ...