Internal documents have revealed that crypto regulation in Australia may only be expected past 2024 as the government takes time to gather a complete picture of the industry. Internal documents from t...
Tag: Aussie
Aussie man threatened to start bushfire in crypto extortion attempt, police say
An Australian man has been charged with extortion for giving authorities in Queensland a fiery ultimatum: hand over $5 million AUD ($3.4 million) in crypto or he would intentionally start a bushfire. ...
Aussie regulators review Binance Australia Derivatives over account closures
Binance Australia Derivatives sent an abrupt message to a select group of users on Feb. 23, saying it would be immediately closing their accounts due to a false classification of some users as “wholes...
Bitcoin Volatility Increases as Binance Closes Some Aussie Derivatives Accounts
The world’s leading cryptocurrency exchange – Binance – took to Twitter to announce that it has forcibly closed positions of Australian accounts that have been mistakenly classified as “Wholesale Inve...
Aussie regulator flagged concerns about FTX months before collapse: Report
Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as long as eight months before the exchange met its untimely end in November. According to documents o...
Crypto Assets Are Not Financial Products: Aussie Executives
Crypto regulation has been receiving growing interest in different jurisdictions recently. While some countries maintain rigid digital assets control, some outrightly banned their usage. Currently, c...
Aussie Minister: No need to Set Up Separate Regulation for Crypto
An Australian minister said it’s unnecessary to set up a different regulation for crypto. Stephen Jones argued that crypto should be considered financial products under the law. A blockchain attorney ...
Aussie minister welcomes treating crypto assets as financial services
Australia’s Financial Services Minister Stephen Jones says it’s okay for the government to regulate certain crypto assets as financial products to protect consumers from FTX-type collapses in the futu...
Aussie execs refute ‘argument’ to treat crypto as financial products
Australian crypto executives have urged caution over lumping all digital assets in the same boat as financial products, after recent comments from Australia’s assistant treasurer on the ma Speak...
Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances
National Australia Bank (NAB) is set to become the second “Big 4” Australian bank to launch an Australian dollar-pegged stablecoin on the Ethereum network. Set to launch sometime in mid-2023, the AUDN...
World’s Largest Solar Project Falters After Aussie Billionaire Backers Disagree On Future Direction
Mike Cannon-Brookes, co-founder and chief executive officer of Atlassian Pty Ltd., reacts during the … [+] Financial Review ESG Summit in Sydney, Australia, on Friday, June 15, 2022. Billionaire...
This $3 Billion Aussie Trader Traded Crypto From His Parents’ Home
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
The Pokemon Company Sues Aussie Studio Over Fake NFTs
The Pokemon Company International is suing Pokemon Pty Ltd over the promotion of a new NFT-based Pokemon mobile game. Pokemon Pty Ltd is an Australian business that set up and advertised a website und...
Aussie Crypto Platform Cancels $1 Billion Merger Plan After FTX Crash: Report
The Aussie cryptocurrency exchange – Swyftx – and the investment platform – Superhero – have reportedly abandoned the previously planned $1 billion merger deal. Some of the main reasons are the enhanc...
Stablecoin framework is a near-term priority for Aussie regulators
Australian financial regulators are “working on options” for incorporating payment stablecoins into the regulatory framework for stored-value facilities. Such incorporation would be a part of broader...
RBA Concerns Over Impact on Banks After Aussie CBDC Rollout
Australian CBDC will be used for e-commerce and government bills. The concept of CBDC became popular after the increased user base of cryptocurrencies. Some countries have already launched their CBDCs...
A loophole allowed FTX to secure its Aussie license without full checks: ASIC’s Longo
Joseph Longo, the chairman of the Australian Securities and Investments Commission (ASIC) is calling for a regulatory loophole to be closed that allowed FTX to acquire an Australian Financial Services...
Aussie Crypto Exchange Dismisses Almost Half of its Staff
The Australian cryptocurrency platform Swyftx laid off 90 of its employees, representing around 40% of its total workforce. CEO Alex Harper assured the company is “well-positioned” to cope with the cu...
Digital assets could add $40B a year to Aussie GDP: Tech Council report
Up to $40 billion a year (AU$60 billion), could be added to Australia’s national GDP with the right regulatory framework and could lead to enormous cost savings for consumers and businesses acco...
Green bitcoin miner crashes, takes Aussie billionaire with it
An Australian software billionaire and climate change activist has likely taken a hit after a ‘green’ bitcoin mining firm he invested in saw its share price plummet by 94%. Atlassian founder Mike Cann...
Aussie Banks Cautious With Crypto Plans During Market Meltdown
A number of banks and financial institutions in Australia remain unperturbed about the crypto market slump. Some are still planning to push ahead with their plans to embrace web3. According to OSL, a ...
Aussie treasurer promises crypto regulation next year amid FTX debacle
The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the catastrophic collapse of FTX last week. A spokesperson for Australian Treasu...
Aussie stock exchange abandons blockchain plans, leaving $170M hole
The long-anticipated plans by the Australian Securities Exchange (ASX) to use blockchain to bring its clearing and settlements system into the 21st century have just been canceled. In a Nov. 17 statem...
Aussie Regulator Terminates FTX Australia’s License
The Australian Securities & Investments Commission (ASIC) suspended the FTX Australia license until May 15, 2023, following the exchange’s recent fiasco. The crash has affected around 30,000 Aussi...
Two Aussie crypto providers all set to leave the market
Due to some factors like the bear market, crypto winter, and tight regulatory inspection, two digital asset exchange-traded fund issuers in Australia are going to leave the market. Still, some a...
Rivals steadfast even as two Aussie crypto ETF providers bail
Two digital asset exchange-traded fund (ETF) issuers in Australia are set to leave the market amid heightened regulator scrutiny and a deepened crypto winter, though some remain bullish about the mark...
Aussie federal budget reaffirms BTC won’t be treated as foreign currency
The first federal budget under the Anthony Albanese led-government has outlined that Bitcoin (BTC) will continue to be treated as a digital asset, and not taxed like a foreign currency. This clarifica...
Unregistered Crypto Asset Manager BPS Sued by Aussie Regulator
The Australian Securities and Investment Commission (ASIC) has brought civil penalty proceedings in the Federal Court against BPS Financial Pty Ltd, one of the asset management firms operating in the ...
Aussie Regulator Blocks Holon’s Crypto Funds
Bitcoin 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 th...
Aussie Regulator Halts 3 Crypto Funds Belonging to Holon Investments
The Australian Securities and Investment Commission (ASIC) has issued a stop order on three crypto funds belonging to Sydney-based Holon Investments Australia Limited. According to a Press Release sha...
Three Aussie crypto funds halted as regulator cites non-compliance
Australia’s chief financial market regulator has placed interim stop orders on three cryptocurrency-related funds set to be offered to retail investors, due to non-compliant target market determinatio...
Coinbase Introduces PayID and Premium Services for Aussie Retail Customers
Coinbase announced expanding its services in Australia to make accessing the crypto economy easier and safer, introducing three services to their Aussie clients. The digital currency exchange, which f...