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

25-310MR

court order18 Dec 2025

Respondent

NGS Group Limited

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 Group Limited (with NGS Crypto Pty Ltd and NGS Digital Pty Ltd) operated a financial services business without an AFS licence, permanently restrained them from doing so, and ordered NGS Group, NGS Crypto and the unregistered scheme operated by NGS Group to be wound up (2025-12-18). 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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