Nexo is expanding its presence in Australia with the launch of new crypto-backed Credit Lines, following its appointment as a Credit Representative under Australia’s consumer credit framework. The new service allows eligible Australian clients to borrow money using their digital assets as collateral, meaning they can access liquidity without having
Australia has aimed to regulate operations of various online platforms following the filing of civil penalty proceedings against Telegram. This case represents regulatory measures by states that are increasingly applying pressure to ensure that major messaging platforms regulate themselves to prevent the spread of extremist materials through their platforms. Civil
The central bank in Australia made further progress in executing the use case for digital token utilization in financial systems. RBA Assistant Governor Brad Jones announced this during a speech delivered on 25 March titled “After Acacia: The Next Era of Financial System Innovation?” This implies that the central bank
An Australian Senate committee has suggested passing a prominent crypto regulatory bill that would need financial licences for crypto platforms. The report released on March 16 mentioned that the Senate Economics Legislation Committee said the Corporations Amendment Bill 2025 would depict a substantial enhancement in the regulation of digital assets
The Australian Securities and Investments Commission issued a warning about the growing influence of AI tools and financial influencers on investment decisions among young investors. They published the results of a survey on financial practices among people aged 18 to 28 in Australia. The survey revealed that 23 percent of
On March 10, Ripple publicised that it has plans to acquire BC Payments to have an Australian Financial Services Licence (AFSL) as it looks to expand its presence in the Asia Pacific region. In the statement, Ripple added that having the AFSL via the acquisition will help the firm to
As per the report from the crypto exchange OKX, Australia could generate up to A$24 billion a year, but its current regulation may limit its growth to just A$1 billion by 2030. The study, supported by crypto exchange OKX and conducted by the Digital Finance Cooperative Research Centre, argues that
The adoption of cryptocurrency remains on the rise in Australia, especially in the self-managed superannuation funds industry. The self-managed super funds, also known as SMSFs, have billions of dollars invested in digital assets. Information from the Australian Taxation Office indicates that SMSFs together manage about A$3 billion worth of cryptocurrency
An official from Australia who was admitted guilty to selling sensitive cyber tools to a broker from Russia, and the payment was done in crypto under contracts guaranteeing millions more, making crypto the core of a case prosecutors claimed endangered Five Eyes intelligence abilities. Prosecutors claimed Peter Williams, a native
Binance Australia has resumed Australian dollar (AUD) deposits and withdrawals, which had been suspended for almost two years in mid-2023 as the exchange was subjected to pressure and banking issues. Binance Australia resumed the service for its verified customers in January 2026, as reported in various news articles on January
