Search
Australia Considers Sector-Specific Codes for Addressing Banking and Crypto Scams
30.11.2023
Source: AdobeStock / FiledIMAGE The Australian Department of the Treasury is considering applying sector-specific codes and standards to banking and cryptocurrency scams as part of its proposed framework. On November 29, a consultation paper titled “Proposed Scams Code Framework,” aimed...
TRM Labs Taps Swyftx to Tackle Crypto Scams in Australia
28.11.2023
Source: AdobeStock / Bits and Splits TRM Labs has announced a partnership with Australian digital asset exchange Swyftx to reward virtual asset users who take steps to protect their accounts against fraudulent actors in the country. In a recent press release, the blockchain analytics firm announced...
TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams
28.11.2023
Blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx in an effort to combat scams in the nation
DeFi Users Seek Clarity as Australia’s Tax Office Fails to Explain New Capital Gains Tax Rules
24.11.2023
The ATO’s opaque DeFi tax guidance perplexes Australian crypto investors. Image by Vadym, Adobe Stock. The Australian Taxation Office (ATO) released new guidance on November 9, stating that capital gains tax (CGT) applies to certain decentralized finance (DeFi) transactions. The tax agency...
Australia’s tax agency won’t clarify its confusing, ‘aggressive’ crypto rules
24.11.2023
The Australian Tax Office’s new rules on DeFi are unclear on whether capital gains taxes apply to liquid staking and transferring to layer 2 bridges
Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi
14.11.2023
Australia's tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols
Crypto exchange CoinSpot reportedly suffers $2M hot wallet hack
9.11.2023
Blockchain security firm CertiK believes the $2.4 million draining of a CoinSpot hot wallet is likely the result of a “private key compromise.”
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
17.10.2023
Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to the proposals, crypto exchanges will be given...
Aussie crypto exchanges look to new licensing regime with cautious optimism
16.10.2023
Australian crypto exchanges have largely praised the Treasury’s latest proposal to place crypto exchanges under the existing financial services license regime, though some worry it could box the crypto industry into a TradFi-shaped box
Crypto exchanges to fall under TradFi licensing — Australian Treasury proposal
16.10.2023
The Australian treasury's newly-released consultation paper will require to crypto exchanges to apply for financial services licence from the local financial regulator
Ripple in Preliminary Talks with Australian Freight & Trade Alliance for Future Partnership
6.10.2023
Paul Zalai, Director of the Australian Freight & Trade Alliance (FTA), disclosed the possibility of a future partnership with San Francisco-based fintech firm Ripple during an interview with TLG.
The news comes at an opportune moment for Ripple, which has been looking to expand its global...
Regulator Sues Crypto Exchange Kraken Provider in Australia
22.9.2023
Australia’s securities regulator has initiated civil proceedings against Bit Trade Pty Ltd, an entity providing Kraken services to Australian users. According to the government agency, the company failed to comply with regulatory obligations meant to ensure proper consumer protection. Australian...
Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans
8.9.2023
Block Earner has unveiled a new crypto-backed loan product for the Australian market, amid an ongoing tussle with a federal regulator over its shuttered Earn product
Rejection of crypto bill exposes Aussies to ‘unregulated market’ — Senator Bragg
7.9.2023
Senator Andrew Bragg says rejecting his crypto bill will drive investment away from Australia but lawyers claim it's part of a bigger regulatory picture
Crypto Regulation: Binance Australia's General Manager Ben Rose Provides Perspective on Digital Asset Laws
2.9.2023
During an interview at the Intersekt Fintech conference in Melbourne, Australia, on August 31, Ben Rose, General Manager of Binance Australia, expressed strong confidence in the ability of Australian regulators to make informed decisions regarding digital asset regulations in the country.
Rose's...
Binance Australia GM ‘really confident’ regulators will side with crypto
1.9.2023
Ben Rose is hopeful that Binance Australia’s banking woes will be relieved by positive regulation in the future
Australian exchange enlists PayPal as banks ‘close ranks’ against crypto
25.8.2023
The new partnership offers investors extra choice and “mitigates the risks” of Australian crypto banking blocks, said Independent Reserve CEO Adrian Przelozny
Crypto Lender Helio Sentenced for Falsely Claiming to Hold an Australian Credit Licence
18.8.2023
Australia-based cryptocurrency lender, Helio Lending Pty Ltd, has been handed a non-conviction bond after falsely claiming to hold an Australian credit license.
The Australian Securities and Investments Commission (ASIC) revealed that Helio falsely claimed it held a credit license in an August...
Binance Australia Under Investigation, Offices Searched by Regulator
5.7.2023
Australia's financial regulator has visited Binance offices as part of an ongoing probe into the company's defunct local derivatives business.
On Tuesday, officials from the Australian Securities and Investments Commission (ASIC) conducted searches at Binance Australia's offices, Bloomberg...
Australia Acts on De-Banking of Crypto Entities, Supports Policy Recommendations to Tackle Issue
28.6.2023
Australia's Treasury said on Wednesday it recognises the seriousness of de-banking and that it understands inaction could drive business underground after instances of banking partners cutting-off crypto platforms in the nation