312 Crypto Exchanges Registered in Australia, Regulator Confirms

312 Crypto Exchanges Registered in Australia, Regulator ConfirmsA growing number of cryptocurrency exchanges have been registered with Australia’s crypto regulator. A spokesperson for the government agency overseeing the crypto industry confirmed to news.Bitcoin.com on Monday that the regulator has already registered 312 crypto exchanges. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin 312 Registered Crypto Exchanges The […]

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Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches

Australia Probes Big Four Bank Accused of 23 Million Money Laundering BreachesWith stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one of the country’s largest banks, is now under investigation for millions of purported violations of […]

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In the Daily: Bitcoin Cash on Amazon Show, Bitwarden, Coinbin, Huobi Australia

In the Daily: Bitcoin Cash on Amazon Show, Bitwarden, Coinbin, Huobi AustraliaIn this edition of The Daily we cover an Amazon Prime show that features Bitcoin Cash (BCH), the open source password manager Bitwarden that now accepts crypto payments, a declaration of bankruptcy by Coinbin and the closure of Huobi’s Australian office. Also Read: Hong Kong Cryptocurrency Exchange Coinsuper Shifts Focus to Institutional Investors Bitcoin Cash […]

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Australia’s Financial Intelligence Agency Registers 246 Bitcoin Exchanges

Australia’s Financial Intelligence Agency Registers 246 Bitcoin ExchangesThe Australian Transaction Reports and Analysis Centre (Austrac) has now officially registered 246 cryptocurrency exchanges. Pro-regulation industry participants have described the move as a key step towards legitimizing crypto assets. The registration process includes performing background checks and other anti-money laundering procedures on the entities involved. Also read: Coincheck Registers 1.7M New Users Since Resuming Operations […]

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Australian Bank Bans Use of Mortgage Funds for Crypto Speculation

Australian Bank Bans Use of Mortgaged Funds for Crypto SpeculationOne of Australia’s oldest financial institutions, Bank of Queensland, has prohibited the use of home equity loans for virtual currency speculation. The move has been attributed to concerns pertaining to the growing regulatory oversight of the cryptocurrency sector in Australia. Also Read: Tether Announces Appointment of New Chief Compliance Officer Bank of Queensland Cracks Down on […]

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Australia’s Blockbid Exchange Granted Cryptocurrency License by Austrac

Australia’s Blockbid Exchange Granted Cryptocurrency License by AUSTRACBlockbid is now registered with the Australian Transaction Reports and Analysis Centre (Austrac). This makes it only the third company granted permission to legally operate as a cryptocurrency exchange in Australia since new regulations came about last week. Also Read: Stanford, Wharton and Georgetown Expand Bitcoin Business Classes Cyber Insurance Austrac has approved an application […]

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Australian Regulations for Cryptocurrency Exchanges Introduced

Australian Regulations for Cryptocurrency Exchanges IntroducedAustralia’s new legislative guidelines for the operation of cryptocurrency exchanges were introduced on the 3rd of April 2018. From now on, Australian digital currency exchange businesses will be required to register and comply with anti-money laundering/counter-terrorism financing (AML/CTF) laws. Also Read: Companies Outsource Marketing to India Amid Ban on Crypto Ads  Australia Introduces AML/CTF Requirements for […]

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