South Korean fintech unicorn Toss plans to launch a finance superapp in Australia this year and issue a Korean won stablecoin once regulations allow.
Australia News

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Crypto bosses say the government now needs to bring in clear rules, so regulators and banks can distinguish the good from the bad actors.
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Australian authorities busted a $123-million crypto fraud. The scheme used seemingly legit businesses for crypto money laundering.
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Australia's tax office reports self-managed retirement funds have 4% less crypto than last year, but one crypto executive says the number is likely "undercooked."
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Coinbase and OKX are moving into Australia’s pensions through SMSFs, while the United States revamps rules on how crypto fits into retirement plans.
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Webull has rolled out crypto services in Australia after re-launching its offering in the US this week and expects to expand into more regions in the coming months.
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As the adoption of digital assets grows rapidly, there has been a significant increase in the amount of funds lost to scams and hacks.
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AUSTRAC has ordered Binance Australia to appoint an external auditor after identifying serious shortcomings in the exchange’s Anti-Money Laundering controls.
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ASIC Deputy Chair Sarah Court said the regulator has beefed up its scam enforcement to include monitoring social media ads.
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Australia’s Federal Court ruled Finder’s Earn product is not a financial instrument, defeating ASIC’s appeal in a major win for the country’s fintech sector.
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Tasmanian police said they found victims were being directed to crypto ATMs by scammers after regular financial institutions flagged the transactions.
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The trial is part of Project Acacia, an initiative from the RBA exploring how digital money and tokenization could support financial markets in Australia.
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New Zealand banned crypto ATMs and set a $5,000 cap on overseas cash transfers in a major step to combat money laundering and financial crime.
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One of the victims identified in the police operation said she carried around $13,000 in cash at one point to send Bitcoin to scammers via crypto ATMs.
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Australia now taxes crypto as property, with capital gains on swaps, DeFi and wrapped tokens, plus new ATO data sweeps targeting 1.2 million users.
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