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

25-310MR

court order18 Dec 2025

Respondent

NGS Digital 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 Digital Pty Ltd operated a financial services business without an AFS licence and permanently restrained it from operating a financial services business, on ASIC's application (2025-12-18). The winding-up orders in the same judgment were made against NGS Group Limited, NGS Crypto Pty Ltd and an unregistered scheme operated by NGS Group, not NGS Digital. 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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