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Blockchain Australia ousts retail merchant crypto project Qoin – Cointelegraph
Blockchain Australia has ousted Qoin, a crypto project focused on retail merchants, amid allegations of the company running an MLM scheme.
Blockchain Australia the industry body for the novel tech in the country has expelled Qoin, a retail merchant crypto project based in Gold Coast, Queensland.
According to a notice of disciplinary action issued on Feb. 19, Blockchain Australia initially served Qoin with a summons to respond on Jan. 29.
However, Qoin reportedly failed to respond to the notice, forcing Blockchain Australia to expel the project from its membership ranks. Detailing its decision, the notice reads:
On 17 February 2021,…
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