Shareholders of Australian Securities Exchange (ASX) are moving to sue former executives and directors over the failed blockchain-based CHESS replacement project. Cointelegraph reported that Rocheville notified ASX it will apply to the Federal Court for permission to bring a statutory derivative action under sections 236 and 237 of the Corporations Act. ASX said there were no allegations against the exchange itself. The project was halted in 2022 after an Accenture review found major design and capability issues.

Australia\'s parliament has passed a bill requiring cryptocurrency exchanges and custody providers to obtain an Australian financial services licence and bringing digital asset and tokenised custody platforms under the country\'s licensing framework. The bill will take effect 12 months after royal assent and includes an additional transition period for compliance. An explanatory memorandum says the law applies only to platforms that actually hold customers\' cryptoassets, not those providing only control-assisting technology.