Australia

ASIC updates digital asset rules; licensing concerns in Australia

The Australian corporate regulator updated guidance on digital assets, requiring crypto companies offering financial products to obtain licenses by June 30.Bitcoin and certain non-fungible...

Australia Grants Stablecoin License Exemption to Intermediaries

ASIC will exempt intermediaries distributing stablecoins from needing an Australian financial services license. The exemption applies when intermediaries work with stablecoins issued by existing licensed...

Webull Launches Crypto Trading in Australia With 240 Digital Assets

Webull has started crypto trading in Australia, giving users access to 240 digital assets through Coinbase Prime. The platform offers a 30-basis-point spread, which experts...

Australia Approves 24 Tokenized Asset Pilots With Major Banks

Australia approved 24 tokenized asset trials involving real money, central bank digital currency (CBDCs), and stablecoins.The project, overseen by ASIC and called Project Acacia,...

Australia’s Federal Election: Crypto’s Future Hangs in the Balance

Coinbase urges Australian voters to back crypto reform in upcoming May 3 federal election, citing "underdeveloped" regulatory environment.The exchange outlines five key actions for...

Australia Treasury Unveils Crypto Regulation, Focuses on Custodians

Australia's Treasury focuses regulation on digital asset service providers with custody of client assets rather than cryptocurrency issuance itself.Stablecoin regulations will align with existing...

Binance Australia Faces Legal Heat Over ‘Woeful’ Retail Client Safeguards

ASIC files legal action against Binance Australia Derivatives for misclassifying 83% of retail clients as wholesale investors. Over 500 Australian customers were denied consumer protection...

Australia’s ASIC Updates Crypto Rules, Offers Grace Period for Compliance

ASIC releases consultation paper on digital asset regulation with 13 worked examples Information Sheet 225 updates focus on classifying financial products like stablecoins and wrapped...

Latest news

Crypto trader loses $50M in swap, gets only 324 tokens

A crypto trader executing a $50 million swap for AAVE tokens on Cow Swap received only about 324 tokens...

Struggling Bitcoin Miners May Pivot to AI: Wintermute

Diminishing returns from Bitcoin mining are forcing miners to explore new revenue avenues, such as pivoting to AI Hosting...

Global Botnet SocksEscort Dismantled by FBI, Europol

An international law enforcement operation called Operation Lightning has dismantled the SocksEscort proxy service, a botnet made from over...

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