Australia News

ASIC’s Joseph Longo pointed the finger at a loophole that allowed FTX to acquire an Australian Financial Services License under its watch.

A clear principles-based regulatory approach to the digital assets sector could be a huge benefit to the Australian economy according to the report.

Australians still believe in Bitcoin, with conviction growing even among boomers, according to a survey by Aussie exchange the Independent Reserve.

Fraudsters have reportedly been leaving fake crypto paper wallets in public places as part of a scam to dupe Australians out of their crypto.

Block Earner CEO Charlie Karaboga said it was a “disappointing outcome” given it had spent “considerable resources” to adhere to existing guidelines.

The Sydney-based Arkon Energy secured $28 million in a recent funding round to expand its renewable energy Bitcoin mining operations despite the volatile market.

The blockchain-backed upgrade in the works for nearly five years has potentially cost Australia’s primary exchange over $170 million.

Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the local entity of Sam Bankman-Fried’s former crypto empire.

Crypto donations expose charities to a “new demographic of funders” that they can’t afford to miss out on.

The list comes out as part of Australia’s 2022 Scams Awareness Week.

The last week has seen two digital asset ETF providers announce their planned exit from the market amid regulator scrutiny and the prolonged crypto winter.

The chair of Australia’s market regulator has warned that “action will be taken” on financial product issuers who promote risky products to a wide consumer base.

Silverblood says using Bitcoin Cash as payment method “makes sense” because it’s part of his income and “it’s less effort than some of the other forms of payment I use.”

Two of the funds just received green lights for trading in the country in May, following regulatory approval.

The new federal budget states that Bitcoin will fall under the “current tax treatment of digital currencies, including the capital gains tax treatment, where they are held as an investment.”