Australia

Highlights: AUSTRAC is taking action against crypto providers who do not follow AML laws and has penalized 13 firms. Several executives are facing legal action, while two major exchanges were removed from the register after filing for bankruptcy. AUSTRAC plans […]

Highlights: The Australian operator of Kraken, Bit Trade, failed to meet compliance obligations and received a $5.1 million fine. The firm imposed $7 million in fees on 1,100 Australians, with losses exceeding $5 million. ASIC’s first penalty for TMD violation […]

Highlights: Australian financial intelligence agency intends to target crypto ATMs in the coming year. The agency plans to form a new team to oversee crypto ATM providers. AUSTRAC warns that rule-breakers may face significant financial penalties. On December 6, the […]

Highlights: Crypto.com expands with Fintek to offer regulated financial services in Australia. The 2025 roadmap brings stock trading, banking, and stablecoin, blending crypto and traditional finance. Global growth includes debit cards in new regions, AI trading tools, and loyalty rewards […]

Highlights: Kraken launches licensed crypto derivatives brokerage for wholesale clients in Australia, enhancing institutional access to crypto markets. The new service offers over 200 tradable assets with multi-collateral support, adhering to strict regulatory compliance. Kraken expansion in Australia follows regulatory […]

Highlights: Monochrome’s IETH is set to launch on October 14, following its Bitcoin ETF. IETH features a bare trust structure, enabling tax-efficient transfers for Ethereum holders. The ETF will be available on major Australian platforms and will support various wallet […]

Highlights: Australia has introduced mandatory financial licensing for crypto platforms. The compulsory financial obligations became necessary following new rules that qualify crypto assets as financial products. The ASIC commissioner noted that the regulatory agency will roll out the updated guidelines […]

Highlights: Australia is now the third-largest market for crypto ATMs. The country is seeing a surge, making it the fastest-growing crypto ATM market. This rapid expansion has raised concerns about potential money laundering risks. Australia has experienced a 17-fold rise […]

Highlights: Australians have lost $122 million to crypto scams in the last 12 months, with most victims now under 50 years old. The AFP identifies pig butchering and deepfakes as primary tactics used by scammers to deceive victims. The AFP […]

Highlights: Bigatton was convicted for unlicensed financial advice related to BitConnect ASIC enforces stringent crypto regulations to protect investors Australia’s crypto regulation landscape evolves with new products The Sydney District Court has recently convicted John Bigatton, a promoter of the […]

Highlights: DigitalX’s Bitcoin ETF, listed under ticker BTXX, will go live on ASX on July 12. The ETF is developed in partnership with K2 Asset Management and 3iQ, enhancing its market reach. DigitalX’s ETF aims to attract new market entrants […]

Investment management firm VanEck has launched its first spot Bitcoin ETF on the Australian Securities Exchange (ASX) set for Thursday. This event represents a major step for Australia’s financial industry, showing the increasing acceptance of digital currencies in standard investment […]