Cryptocurrency Firm Helio Lending Fined Good Conduct Bond for False License Promise

08/18 06:15

Helio Lending, a cryptocurrency lending company based in Australia, was sentenced to one year of good behavior bond for falsely claiming to have a local credit license. On August 17, the Australian Securities and Investments Commission (ASIC) stated that Helio was sentenced to a one-year good behavior bond and must pay $9,600 (15,000 Australian dollars) if violated.

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