The first phase of Australia’s multi-year strategy to regulate Bitcoin and cryptocurrencies has been unveiled. Through this new approach, the government wants to make sure the regulation of cryptocurrencies safeguards users, according to Assistant Treasurer Stephan Jones. The release cites shoring up enforcement, boosting user protection, and creating a structure
Australia’s second native currency-backed stablecoin is going to be live soon, as regulated banks around the globe are turning their focus over the stablecoins. National Australia Bank (NAB) has developed an AUDN, having a one-to-one peg with the Australian dollar. Australia and New Zealand Banking Group Limited (ANZ) released the
In light of the “constantly changing regulatory landscape” for crypto assets in Australia. Cryptocurrency exchange Swyftx has decided to end trading its crypto-interest product this week. Beginning at midnight on January 10 (local time), all remaining Earn balances will be restored to users’ trade wallets, and the cryptocurrency exchange will
Crypto industry is experiencing a hectic phase with strict regulations are also emerging on the other scale. As the current situation is at its worst, all business giants, financial institutions, and investors have lost hope in the market scope. Due to this bad scenario, Australian crypto exchange, Swyftx and online
Australia’s government said on Wednesday, December 14 that it is doing the necessary to enhance crypto service provider regulation. The government plans to issue a discussion paper in early 2023. In order to determine which kind of digital assets they want to regulate. Moreover, the Australian government is contemplating major
Almost 200 independent contractors working for the Australian Securities Exchange (ASX) on the integration of blockchain technology into its CHESS clearing and settlement system are scheduled to be let off. This comes after ASX earlier this month announced the end of a seven-year programme. For which it had budgeted $170
Qoin was founded by Raj Pathak and Tony Weise in 2020. ASIC claims the firm misrepresented the regulatory approval of Qoin Facility in Australia. Authorities in Australia have filed suit against Qoin’s operators, claiming the cryptocurrency’s backers spread false information. Qoin was founded by Raj Pathak and Tony Weise in
Due to Holon Investments’ non-compliant TMD, ASIC has suspended funds. Holon’s investment is indeed the ability to sell or distribute three cryptocurrency funds to retail investors. According to a press release, the Australian Securities and Investment Commission (ASIC) has suspended Sydney-based asset manager Holon Investments’ ability to sell or distribute
Mercurio first worked for Citigroup from 2001 to 2005. Mercurio will be taking over the CEO position beginning on Monday (September 12). Blockchain Australia, an organization that represents Australian crypto firms and people, has named Laura Mercurio as its new chief executive officer. Past employers include BlackRock, Deutsche Bank, and
It is generally agreed that adoption and regulations go hand in hand. Even as law enforcement was growing acquainted with the concept of cybercrime, a new chapter opened up with the advent of crypto-related criminal activity. In the previous several years, there has been a slew of arrests related to
