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PortuguêsWhile the British Treasury emphasizes the liberal approach, Australia goes with the profound taxonomy of all the crypto assets. The U.K. outline of the future financial services regulatory regime for…
Continue ReadingIn 2022, the crypto space faced a high rate of scams and fraudulent activities, especially in the DeFi sector. Scammers use phishing, fake ICOs (Initial Coin Offerings), Ponzi schemes, and…
Continue ReadingThe first steps of a multi-stage plan to regulate the cryptocurrency industry within Australia have been released. The Australian government has announced the first step of what it calls a…
Continue ReadingThe national regulators identified four major products in the crypto sector. Following the global regulatory race, Australia opened the public consultation on its own taxonomy of crypto assets. The national…
Continue ReadingAustralia’s financial regulator raised concerns about FTX Australia not long after it began operations in March 2022, according to documents. Australia’s financial regulator reportedly raised concerns over FTX’s local Australian…
Continue ReadingAustralia now enjoys 234 crypto ATMs, which puts her in the third spot globally after the United States and Canada. Despite the bear market and the record-low dynamics of new…
Continue ReadingCrypto regulation has been receiving growing interest in different jurisdictions recently. While some countries maintain rigid digital assets control, some outrightly banned their usage. Currently, crypto regulation in Australia is…
Continue ReadingAustralian crypto executives have issued warnings regarding classifying all cryptocurrencies as financial products under the law. This stance was taken after Stephen Jones, Assistant Treasurer and Minister of Financial Services,…
Continue ReadingAfter the assistant treasurer’s recent comments, Australian crypto CEOs have cautioned against defining all digital assets as financial commodities. National Australia Bank (NAB) will create a stablecoin, according to information…
Continue ReadingThe Australian Minister for Financial Services said there was a “good argument” to treat crypto as financial products in an interview on Jan. 22. Australian crypto executives have urged caution…
Continue ReadingCrypto industry observers have questioned whether customers or investors will ever want to “come near” FTX again. Several crypto industry commentators have laid skepticism on FTX CEO John Ray’s vision…
Continue ReadingThe National Australia Bank has developed a stablecoin for carbon trading and overseas payments. AUDN will launch on Ethereum and Algorand. The National Australia Bank (NAB) has become the second…
Continue ReadingShiba Inu has surpassed its previous barriers with a massive 20% price surge in the last 24 hours. Although SHIB’s price has been on a steady rise since January, this…
Continue ReadingAustralian crypto exchange Swyftx has decided to close its Earn program due to a lack of clarity around crypto products regulation. Australian crypto exchange Swyftx is set to shutter its…
Continue ReadingThe number of ATMs supporting digital currencies has fallen around the world over the course of a turbulent year for the whole industry. According to a new report, the United…
Continue ReadingLightning-enabled Bitcoin ATMs promise to offer instant transaction support and a significant cut in cost from traditional crypto ATMs. The Australian city of Coolangatta has got its first Bitcoin (BTC)…
Continue ReadingEl Salvador’s position as the fourth-largest crypto ATM hub was short-lived as Australia stepped up its game over the following months. El Salvador, the first country to legalize Bitcoin (BTC),…
Continue ReadingETFs tracking crypto companies have seen significant drawdowns over the year as a result of major macroeconomic headwinds. Cryptocurrency-related Exchange Traded Funds (ETFs) have taken the two top spots for…
Continue ReadingBuying Bitcoin (BTC) in Australia can be done through crypto exchanges, ATMs and by trading with other parties. More and more people are discovering Bitcoin (BTC) and other cryptocurrencies, which…
Continue ReadingIn light of the worrying events that have transpired in the crypto market over the past few weeks, the government of Australia has moved to ramp up safety and regulation…
Continue ReadingGiven the prevalence of scams and fraud in the crypto industry, governments of different countries are trying to protect their citizens. The FTX, Terra collapse, and other recent unfortunate occurrences…
Continue ReadingAs stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly. Australian financial regulators are “working on options” for incorporating payment stablecoins into the…
Continue ReadingThe crypto world has had its fair share of drama as the bear market bites down on the entire landscape. In addition, global inflation has also caused most companies to…
Continue ReadingThe Australian crypto exchange said while it had no exposure to FTX, it was “not immune” to its fallout. Australian-based crypto exchange Swyftx has laid off a total of 90…
Continue ReadingThe IRCI report states that Australians still believe in Bitcoin and that the boomer demographic is growing in conviction. Bitcoin (BTC) has topped the crypto charts in a survey from…
Continue ReadingBlock Earner CEO Charlie Karaboga said it was a “disappointing outcome” given it had spent “considerable resources” to adhere to existing guidelines. The CEO of fintech firm Block Earner has…
Continue ReadingThe Sydney-based Arkon Energy secured $28 million in a recent funding round to expand its renewable energy Bitcoin mining operations despite the volatile market. The turbulent climate of the crypto…
Continue ReadingAustralia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to…
Continue ReadingThe blockchain-backed upgrade in the works for nearly five years has potentially cost Australia’s primary exchange over $170 million. The long-anticipated plans by the Australian Securities Exchange (ASX) to use…
Continue ReadingThe last week has seen two digital asset ETF providers announce their planned exit from the market amid regulator scrutiny and the prolonged crypto winter. Two digital asset exchange-traded fund…
Continue ReadingThe chair of Australia’s market regulator has warned that “action will be taken” on financial product issuers who promote risky products to a wide consumer base. Australia’s financial services and…
Continue ReadingTwo of the funds just received green lights for trading in the country in May, following regulatory approval. The companies behind the Cosmos Purpose Ethereum Access ETF, Cosmos Purpose Bitcoin…
Continue ReadingBitcoin and other related crypto products being offered by this Australian asset management company is now on hold. The Holon Investments Australia Limited has received cease-and-desist orders from the Australian…
Continue ReadingDue to non-compliant target market determinations, Australia’s primary financial market regulator has issued temporary stop orders on three cryptocurrency-related funds that were going to be made available to retail investors…
Continue ReadingWith an expanded Australian offering, Coinbase’s VP of international and business development said the exchange faced “tough questions” from regulators and policymakers about its services. United States-based cryptocurrency exchange Coinbase…
Continue ReadingBlockchain Academy International’s Huxley Peckham says there are already 60 different industries using blockchain tech today. Australian blockchain academics and educators have called for more robust Web3 education in schools,…
Continue ReadingReserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties…
Continue ReadingBitcoin adoption has always been the subject of rigorous debates in many countries today. With financial powerhouses such as the U.S. and China still taking a hard stance against cryptocurrencies,…
Continue ReadingThe key objectives of the project are to identify and understand innovative business models, use cases, benefits, risks, and operational models for a CBDC in Australia. Making it to the…
Continue ReadingAhead of ParallelChain mainnet launch, GEM Digital Limited, a digital asset investment, has reportedly invested $50 million into the firm. The investment is targeted at the ParallelChain Lab Layer-1 protocol…
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