Australia News

America has recently taken steps to dissuade foreign governments from censoring US-based platforms, including the proposed GRANITE Act and sanctions against five EU officials.

Australia’s securities regulator has removed licensing requirements for stablecoin intermediaries and approved omnibus accounts, reducing compliance costs.

Australia’s government-funded national broadcaster, which reaches an average of over 12 million people, released a report on Tuesday that portrayed Bitcoin as a tool used by criminals with no real use or purpose.

Australia has taken another step to introduce legislation that will subject crypto platforms to the same laws and licensing obligations as financial institutions.

Scammers in Australia impersonated police using the government’s ReportCyber system to legitimize their calls and trick victims into handing over crypto.

The biggest Bitcoin ATM operator in North America is expanding to Hong Kong, citing growing global demand for cash-to-crypto access.

Propanc Biopharma said it will build a crypto treasury after securing up to $100 million from Hexstone Capital to further its potential cancer treatment and reignite investor interest.

The head of Australia’s market regulator, Joe Longo, is looking to embrace tokenization in Australia’s capital markets, fearing the country will fall behind if it doesn’t act.

The Australian Federal Police cracked a coded crypto wallet backup holding $5.9 million after a data scientist deciphered a complex numerical sequence on a phone.

The local industry has welcomed the Australian Securities and Investments Commission’s expanded crypto guidance, but resourcing concerns remain.

Australia’s crypto exchanges have been largely positive about the government’s proposed crypto laws, but have told the Treasury that further clarity is needed.

The Australian crypto user base is expected to grow to 11.16 million by next year, with nearly 41% of Australians participating in crypto.

Young Australians feel they could have made a bigger dent in their property goals if they had invested in cryptocurrency 10 years ago, and now they’re locked out.

Top exchanges in Hong Kong, India and Australia are rejecting companies seeking to become crypto hoarders, citing shell company concerns.

Minister Tony Burke said the government won’t be pushing for an outright ban on crypto ATMs, but he wants to provide AUSTRAC with the power to implement one.