The Australian Securities and Investments Commission (ASIC) recently heightened its scrutiny of the cryptocurrency market, issuing fresh warnings regarding the risks associated with digital assets. The regulator’s chair, Joseph Longo, cautioned against investing in cryptocurrencies, labeling them as assets “created…
Australian Crypto Exchanges Embrace New Licensing Regime
The Australian Treasury’s recent announcement regarding the regulation of cryptocurrency exchanges has garnered significant praise from local crypto exchanges. With plans to integrate cryptocurrency exchanges within existing financial services licensing measures, the Treasury aims to provide regulatory clarity and introduce…
This $50 billion Australian bank is making a big bet on Tokenization
ANZ, a formidable financial institution boasting assets under management totaling a staggering $1.09 trillion, has taken a momentous stride toward bridging the two worlds of cryptocurrency and traditional finance. This colossal figure in the financial landscape, Australia and New Zealand…
Fake license fiasco: Cryptocurrency lender Helio could face regulatory penalties in Australia.
Deceptive Claims Revealed: Fabrication of Helio’s Licence Discovered After ASIC’s inquiry discovered that Helio had been making false statements about having licenses that it didn’t indeed hold, the issue surrounding the firm erupted. This deception fueled worries about the lack of regulation and…
Australian Parliament Introduces Bill to Regulate Crypto Sector
New legislation aims to establish a regulatory framework for the growing cryptocurrency industry in Australia The Australian Parliament has introduced a new bill aimed at regulating the rapidly growing cryptocurrency sector. The legislation is designed to establish a comprehensive regulatory…
Reserve Bank of Australia Takes a Step Closer to CBDC with eAUD Pilot Phase
The Reserve Bank of Australia (RBA) has announced plans to launch a pilot program for a central bank digital currency (CBDC), which will be led by former Ripple executive, Dilip Rao, and in collaboration with the Digital Finance Cooperative Research…
Australian Authorities Freeze Assets Belonging to former Bit-connect Director, John Bigatton
The Australian securities and investments commission (ASIC), which is that country’s version of America’s Securities and Exchange Commission, has executed an asset freeze on Bitconnect’s John Bigatton. Bigatton who is a director and shareholder at Bitconnect has also been barred…
$4B Bitfinex Heist: Hacker’s Testimony Reveals Crypto Theft and Laundering
In a stunning turn of events, Ilya Lichtenstein, a hacker involved in the infamous Bitfinex heist, recently revealed the intricate details of the massive cryptocurrency theft that shook the world in 2016. Lichtenstein’s testimony during a money laundering trial shed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
