Cryptocurrency lender Helio Lending has been sentenced to a non-conviction bond for falsely claiming that it held an Australian credit license when it did not, according to the Australian Securities and Investments Commission.
- Helio falsely represented in a news article appearing on its website in August 2019 that it held an appropriate credit license
- The company entered into a recognizance in the sum of A$15,000 for 12 months on the condition they are of good behavior
- Helio pleaded guilty to the conduct and this was taken into account upon sentencing
- A second charge relating to alleged content on the website ...
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