Australia

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...

VanEck Launches First Bitcoin ETF on Australian Securities Exchange

VanEck introduces the first Bitcoin ETF, VBTC, on the Australian Securities Exchange (ASX).Trading for VBTC will commence on June 20, 2024.The ETF is promoted...

Australian Securities Exchange Set to Launch Bitcoin ETFs by 2024

The Australian Securities Exchange (ASX) may approve its first spot Bitcoin ETFs by the end of 2024.BetaShares, VanEck, and DigitalX are among issuers planning...

Australia Proposes Stricter Regulations for Cryptocurrency Amid Growing Adoption

As the world of cryptocurrency continues to evolve at an unprecedented pace, Australia is stepping up its efforts to regulate the burgeoning industry.Treasurer...

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Crypto’s Calm May Signal Bull Market as Bitcoin Waits on Fed

Bitcoin hasn't moved more than 6% over the past month, with top five cryptocurrencies failing to shift more than...

Malaysia, Thailand join Singapore’s cross-border stablecoin push

Bank Negara Malaysia and the Bank of Thailand joined Singapore's BLOOM initiative as policymaker members on FridayBLOOM is a...

Switzerland Approves Bitcoin ETF for Retail Investors

Switzerland’s financial regulator FINMA has approved the first Swiss-law spot Bitcoin ETF for retail investors.BIT Asset Management’s Bitcoin Fund...