ASIC is conducting an investigation into blockchain mining companies NGS Crypto Pty Ltd, NGS Digital Pty Ltd and NGS Group Limited (a company domiciled in Hong Kong) (together, the NGS Companies) and their officers, employees, agents, representatives, or associated entities.

ASIC’s investigation arose from concerns including that:

the NGS Companies received funds from Australian investors and those funds may have been improperly dealt with;
the NGS Companies may have been operating a financial services business without an Australian Financial Services Licence (AFS Licence).
ASIC will update this webpage when important steps take place in relation to this matter.