Latest News and Articles about Australia
ASIC Charges Four in $35.8M Australian Crypto Scam and Money Laundering Bust
Australian Crypto Scam: ASIC Charges Four in $35.8M Fraud Crackdown Picture this: you pour your hard-earned savings into a sleek website promising a juicy 9.5% annual return, only to learn it’s a $35.8 million scam. That’s the gut-wrenching reality for victims across 14 countries, as the Australian Securities and Investments Commission (ASIC) charges four men—former […]
Read MoreTradFi and DeFi Unite: Can This Alliance Drive Bitcoin Mainstream in Australia?
TradFi Meets DeFi: The Uncomfortable Alliance Bitcoin Needs to Go Mainstream Could the future of Bitcoin and cryptocurrency rest on a begrudging partnership between the decentralized mavericks and the traditional financial titans they’ve long despised? Mark Jones, founder of Hana Wallet, makes a compelling case that collaboration between DeFi and TradFi isn’t just a nice-to-have—it’s […]
Read MoreAUSTRAC Targets Crypto ATMs: Balancing Compliance and Consumer Safety in Australia
AUSTRAC’s Crackdown on Crypto ATMs: Navigating Compliance and Consumer Safety AUSTRAC, Australia’s financial intelligence agency, has intensified its oversight of cryptocurrency ATM providers, issuing warnings about compliance with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. The surge in suspicious transactions and fraud linked to crypto ATMs has prompted this stricter oversight, reflecting a broader […]
Read MoreAustralia’s 2025 Budget Snubs Bitcoin and Tech Sectors: A Missed Opportunity
Australia’s 2025 Budget Leaves Bitcoin and Tech in the Cold Australia’s tech community is left feeling sidelined after the 2025 federal budget notably overlooked Bitcoin and other critical technology sectors. Australia’s 2025 budget ignores Bitcoin and tech sectors No new spending on AI, cybersecurity, or quantum computing Regulatory funding restored, but tech initiatives overlooked The […]
Read MoreAustralia Tightens Crypto Regulations: New VASP Standards and Global Impact
Australia’s New Crypto Rules Set Industry Standards on VASPs Australia is enhancing its regulatory framework for Virtual Asset Service Providers (VASPs), aiming to set high industry standards and align with global trends. Australia’s regulatory framework targets VASPs, including exchanges and custodial wallets. A simpler licensing regime will be introduced for VASPs. The government plans to […]
Read MoreBitcoin ATMs in Australia Surge for 29 Months, Scam Concerns Rise
Bitcoin ATMs in Australia Continue 29-Month Surge, Amidst Growing Concerns of Scams Australia’s Bitcoin ATM count has surged for 29 consecutive months, bringing the country close to matching Europe’s total and cementing its position as a global leader in the network of services supporting cryptocurrencies. As these machines become more widespread, the increase in scams […]
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