NGS blockchain mining companies and unregistered scheme wound up, found operating without a licence

25-310MR

court order18 Dec 2025

Respondent

NGS Crypto Pty Ltd

Facts

The Federal Court has found that blockchain mining companies NGS Group Limited, NGS Crypto Pty Ltd and NGS Digital Pty Ltd operated a financial services business without an Australian financial services (AFS) licence.

Outcome

Federal Court found NGS Crypto Pty Ltd operated a financial services business without an AFS licence, permanently restrained it from operating a financial services business, and ordered it to be wound up with liquidators appointed, on ASIC's application (2025-12-18). NGS Group Limited and NGS Digital Pty Ltd were also found to have operated without a licence and restrained. See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-310mr-ngs-blockchain-mining-companies-and-unregistered-scheme-wound-up-found-operating-without-a-licence

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