According to Cointelegraph, Australian crypto lending company Helio Lending was sentenced to a one-year non-conviction behavior bond for falsely claiming to hold a local credit license, and was required to pay $9,600 (A$15,000) in default. The Australian Securities and Investments Commission (ASIC) said that Helio falsely claimed to have an Australian credit license in a news article in August 2019. Helio pleaded guilty, and ASIC said that this was taken into account in the sentencing decision and dropped the charge of falsely stating that it held a license on Helio's website. Helio provides cryptocurrency mortgages and is an Australian subsidiary of US crypto-focused public holding company Cyios Corporation, which also owns the yet-to-be-launched non-fungible token (NFT) platform Randombly.