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Australian Securities and Investments Commission Appoints Expert Panel to Investigate ASX's Failed Blockchain Project Worth Over $1.6 Billion

Summary: According to Decrypt, the Australian Securities and Investments Commission (ASIC) has appointed a panel of three experts to investigate the Australian Securities Exchange (ASX). The investigation stems from ASX abandoning its seven-year, $1.631 billion blockchain project aimed at replacing its CHESS clearing system. The panel, led by senior banker Rob Whitfield, is required to submit ...

According to Decrypt, the Australian Securities and Investments Commission (ASIC) has appointed a panel of three experts to investigate the Australian Securities Exchange (ASX). The investigation stems from ASX abandoning its seven-year, $1.631 billion blockchain project aimed at replacing its CHESS clearing system. The panel, led by senior banker Rob Whitfield, is required to submit a report to ASIC by March 31 next year.

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Link: Australian Securities and Investments Commission Appoints Expert Panel to Investigate ASX's Failed Blockchain Project Worth Over $1.6 Billion [Copy]

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