Australia's regulation-by-enforcement of crypto entities prompts superheroaus and SwyftxAU to cancel their planned merger. By amitoj
Australian crypto exchange Swyftx and share trading and superannuation platform Superhero canceled their planned merger, saying the decision was reached after the government turned up the regulatory heat on the crypto industry." that would create a A$1.5 billion"digital and traditional finance powerhouse" and bring over 800,000 customers under one roof.
The cancelation comes after the Australian Securities and Investments Commission sued three crypto-related entities – BlockEarner,
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