Earlier this week, the Federal Court made consent orders granting the Australian Securities ans Investments Commission’s application for an interim injunction restraining the NGS Companies from, amongst other things, carrying on a financial services business in Australia, from promoting or issuing their blockchain mining packages to any new investors, and from dealing with investor funds, until further order of the Court.
The NGS Companies consented to the Interim Injunction. ASIC sought the Interim Injunction to prevent the NGS Companies from carrying on an unlicensed financial services business until the final hearing of the matter.
The injunctions restrain the NGS Companies until further order of the Court.
The Interim Injunctions are not a finding that the NGS Companies have broken the law or that…
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