In a recent development, Australian authorities have taken significant steps to address concerns surrounding cryptocurrency investment practices. The Australian Securities and Investments Commission (ASIC) has initiated civil proceedings against three cryptocurrency investment firms and their directors, alleging misleading conduct in the realm of digital asset investment.
The companies under scrutiny are NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, along with their respective directors, Brett Mendham, Ryan Brown, and Mark Ten Caten.·
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