Australia’s securities regulator is suing the ASX for misleading statements about the Blockchain project

The Australian Securities and Investments Commission (ASIC) has sued the country’s largest market operator, ASX Limited, for allegedly making misleading statements about how its blockchain project to replace the old sub-ledger system was progressing of the Clearing House Electronic Subregister System (CHESS), before disclosing that it had canceled. the project, the regulatory authority announced on Wednesday.