ASIC is suing Blockchain Global Director Liang Allan Guo because of a suspected role in the collapse of the ACX Exchange

ASIC is suing Blockchain Global Director Liang Allan Guo because of a suspected role in the collapse of the ACX Exchange
Litigation for the collapse of the ACX Exchange: ASIC is sued Blockchain Global Director Liang Allan Guo
The Australian Securities and Investments Commission (ASIC) has started legal steps against Liang Allan Guo, the director of Blockchain Global. The allegation against Guo refers to his alleged role in the collapse of the ACX Exchange, a former cryptocurrency exchange that worked in the Australian commercial landscape.
The ACX Exchange was once considered one of the largest trading platforms for digital currencies in Australia. Her sudden collapse led to considerable losses for numerous investors and had far -reaching effects on the cryptom market in the country. In GUO's participation, ASIC sees a potential violation of the applicable financial laws and regulations that are intended to ensure the protection of consumers and investors.
The allegations in the lawsuit underline the increasing regulatory efforts of ASIC in order to counteract the integrity of the financial market and to counteract potential abuse in the field of cryptocurrencies. This case could be interpreted as groundbreaking for future legal measures against central actors in the cryptocurrency scene.
In summary, it can be said that the legal dispute between ASIC and Liang Allan Guo is an important development in the regulation of the cryptocurrency market in Australia. The coming months will show how this case will develop and what consequences he could have for those involved and for the industry as a whole.