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Melbourne-Based Crypto Lender Helio Sentenced for Misleading License Claims

Melbourne-Based Crypto Lender Helio Sentenced for Misleading License Claims
The Melbourne-based cryptocurrency lender, Helio Lending Pty Ltd., has been handed a non-conviction bond for misleading claims about possessing an Australian Credit License (ACL). Helio, which offers consumers crypto-backed loans using digital assets as collateral, was found to have falsely asserted that it held an ACL, the regulator said yesterday (Thursday).In a news article on its website in August 2019, Helio touted its possession of an ACL 391330 credit license, which the Australian regulat... Read More
Posted: Aug 18 2023, 09:56
Author Name: financemagnates
Views: 112528

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