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An Australian regulator announced plans to seek special leave from the High Court to appeal a recent ruling that determined cryptocurrency firm Block Earner’s offering was not a financial product. ASIC Seeks Definitive Ruling on What Constitutes a Financial Product The Australian Securities and Investments Commission (ASIC) has announced that it will seek special leave … Read more
The Australian police recently seized 25 bitcoins, a luxury car, and a mansion in Beachmere from a man previously convicted of hacking an American gaming company. AFP Targets Illegal Profits of Hacker The Australian Federal Police (AFP) recently seized 25 bitcoins, a luxury car, and a mansion in Beachmere from a man previously convicted of … Read more
The Australian Transaction Reports and Analysis Centre has issued infringement notices totaling $75,120 to cryptocurrency exchange Cointree for failing to submit suspicious matter reports on time. Cointree Fined Despite Self-Reporting The Australian financial intelligence agency, the Australian Transaction Reports and Analysis Centre (AUSTRAC), has issued infringement notices totaling $75,120 to cryptocurrency exchange Cointree for failing … Read more
Aussie fintech firm Finder has partnered with Swyftx to facilitate the migration of its users to the latter’s crypto exchange platform. Users Must Consent to the Migration of Wallet Balances Australian fintech company Finder has announced a partnership with Swyftx to facilitate the migration of its users to the latter crypto exchange’s platform. As per … Read more
AUSTRAC is cracking down on inactive digital asset exchanges, urging them to voluntarily withdraw their registrations or face forced cancellation to prevent criminal exploitation. Significant Proportion of 427 Registered Exchanges Inactive Australia’s AUSTRAC is taking decisive action against inactive digital asset exchanges, urging them to voluntarily withdraw their registrations or risk forced cancellation. The agency … Read more
AUSTRAC, Australia’s financial services watchdog, has raised concerns that some crypto ATM providers may lack adequate anti-money laundering and counter-terrorism measures. Task Force Identifies Worrying Trends The Australian financial services industry watchdog, AUSTRAC, has claimed that some crypto ATM providers “may not have the right anti-money laundering and counter-terrorism (AML/CTF) checks in place.” The watchdog’s … Read more
The Australian Treasury is working with the digital asset industry to establish clear regulations, aiming to make Australia a global leader in the sector. Spurring Innovation vs. Protecting Users The Australian Treasury has announced that it is collaborating with the digital asset industry, regulators, and the broader community to position the country as a leader … Read more
Australian law enforcement, in partnership with Binance, has issued a warning about scammers impersonating Binance and targeting crypto investors. Fake Verification Codes Australian law enforcement has warned crypto investors to be cautious of scammers impersonating Binance. In a statement jointly issued with the National Anti-Scam Centre (NASC) and Binance Australia, the Australian Federal Police (AFP) … Read more
Australian cryptocurrency exchange Swyftx has acquired New Zealand’s Easy Crypto, aiming to create the second-largest crypto exchange in Australasia. Growing Trend Towards Mergers and Acquisitions The Australian cryptocurrency exchange Swyftx has reportedly acquired one of New Zealand’s top crypto exchanges, Easy Crypto, for an undisclosed sum. The acquisition is expected to create the Australasia region’s … Read more