Australia Securities Regulator Sues ASX for ‘Misleading Statements’ on Failed Blockchain Project – Decrypt
The Australian Securities and Investments Commission (ASIC) has sued the Australian Securities Exchange (ASX), the country’s largest exchange, alleging misleading statements regarding its blockchain-based Clearing House Electronic Subregister System (CHESS) replacement project. ASIC claims that ASX’s announcements on February 10, 2022, stating that the project was “on-track for go-live” in April 2023 and “progressing well,”…