Digital Surge Crypto Exchange Ready to Resume Operations
It is reported that according to the documents submitted to the Australian Securities and Investment Commission (ASIC), after the stakeholders signed the recov…
It is reported that according to the documents submitted to the Australian Securities and Investment Commission (ASIC), after the stakeholders signed the recovery plan on Wednesday, the Australian Cryptocurrency Exchange Digital Surge will be online again. A source said that the exchange is expected to resume trading next week.
Digital Surge is expected to resume trading next week
Interpretation of the news:
The news that the Australian Cryptocurrency Exchange Digital Surge is set to resume trading next week is welcome news to digital currency enthusiasts. According to documents submitted to the Australian Securities and Investment Commission (ASIC), the exchange’s stakeholders signed a recovery plan, paving the way for the platform’s relaunch.
This development brings hope to the Australian cryptocurrency market, which has been waiting for Digital Surge to resume operations since its suspension in August. The move followed the exchange’s failure to comply with the country’s anti-money laundering and counter-terrorism financing regulations.
With the exchange’s impending relaunch, stakeholders are optimistic that it will redouble its efforts to comply with regulatory requirements. The exchange’s management acknowledged its shortcomings, assuring customers that they will observe tighter adherence to legal requirements in a bid to restore trust and confidence in the platform.
This development signals a positive shift for the Australian cryptocurrency market’s regulatory landscape. The ASIC’s regulatory oversight, as evidenced in Digital Surge’s case, ensures that exchanges uphold best practices in operating digital assets platforms, thus safeguarding investor interests.
In conclusion, the news of the Australian Cryptocurrency Exchange Digital Surge’s impending resumption of trading is good news for the digital currency market. The move emphasizes the importance of regulatory oversight and compliance in driving trust and confidence in the industry. By following legal requirements and upholding best practices, cryptocurrency exchanges such as Digital Surge have an opportunity to improve the market’s reputation and establish themselves as legitimate digital assets platforms.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/611.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Blockchain.com Sells Illiquid Positions to Increase Liquidity Amidst Opportunities
According to reports, according to people familiar with the matter, Blockchain. com did not sell any subsidiaries or discuss possible transactions with Coinbas…
-
What is STO (Security Token Offering)?
STO is a new form of digital asset, according to cryptoglobe. Unlike ICOs, the a
-
Binance to Support Zilliqa Network Upgrades and Hard Forking
On April 21st, according to official sources, Binance announced that it will support Zilliqa (ZIL) network upgrades and hard forking. It is reported that the Zilliqa (ZIL) network
-
Steady Growth for the Lightning Network in Bitcoin
According to the report, 1ML data shows that the current number of Bitcoin lightning network nodes is 16192, an increase of 0.65% in the past 30 days; The numb…
-
More than half of Cardano holders hold their assets for over a year
According to reports, there has been a significant change in the composition of Cardano (ADA) holders, with the majority (over half) of investors holding their assets for over a ye
-
Aventus Puts the Split of Native Token AVT on Hold
On February 22, Aventus announced that it had shelved its earlier decision to split its native token AVT. The company said in a statement: \”This does not mean …
-
When will Huobi resume normal operations?
When will Huobi resume normal operations? According to an official announcement
-
38g Roast Cat Miner Can Dig Any Coins (Roast Cat Copycat)
<img src='https://img.doulai.com/pic/enpic.php?k=38g What coins can a roasted cat miner dig? Imgalt=38g What coins can a roasted cat miner dig?<images} What coins can a 38g roasted cat miner dig? What coins can a 38g roasted cat miner still mine According to the statistics of Coin Printing Blockchain Research Institute, there are currently four mining pools operating globally. Two of them are ETH ore pools, namely Ethereum and Bitcoin. It is reported that the largest decentralized exchange (DEX) trading platform in Ethereum is Uniswap, where users can deposit ETH, WBTC and other tokens into Uniswap for trading. And these tokens can be exchanged through UniSwap and can earn profits like liquidity mining on UniSwap. (Block Beats) Another project is “BtcMiner” – EOS based Cryptocurrency mining service provider. Roast Cat has created a new mining system by deploying smart contracts and using a format similar to ERC20, making it customizable. It also incorporates some new features and optimizes the user experience. In addition,…
-
ForTube: A Multi Chain Crypto Asset Lending Agreement that Suffered Loss Due to Flash Loan Attack
On April 29th, according to official Twitter, ForTube, a multi chain crypto asset lending agreement, stated a loss of over $60000 due to a flash loan attack. Currently, the technic
-
Understanding Digital Asset Investment Products: A Closer Look at the Recent Inflows
According to the CoinShares report, last week\’s net inflow of digital asset investment products was 113.7 million US dollars, with a total inflow of approximately 345 million US do