Australia is ready to accentuate oversight of crypto ATMs by granting the Australian Transaction Reports and Analysis Centre (AUSTRAC) authority to limit or ban high‑threat companies. Regulators cite rising considerations over fraud, cash laundering, and different illicit actions linked to those machines. Rapid Expansion Raises Concerns The variety of crypto ATMs in Australia has surged from…
US-based cryptocurrency alternate Gemini has launched a neighborhood entity in Australia, signaling a strategic effort to develop its operations throughout the Asia-Pacific area. According to the Australian Independent Reserve Cryptocurrency Index, cryptocurrency adoption in Australia rose to 31% in early 2025, up from 28% the earlier 12 months. Strategic Entry into the Australian Market Gemini’s…
Australia has launched a draft regulation that requires crypto exchanges and custody suppliers to acquire a license comparable to conventional monetary establishments. The proposal goals to enhance shopper safety and regulatory readability whereas supporting innovation. Platforms that fail to comply may face penalties of up to AUD 16.5 million, whereas low-risk operators could qualify for…
OKX, a world crypto trade, has unveiled a platform enabling Australian self-managed tremendous funds (SMSFs) to put money into digital belongings. Meanwhile, Australia’s superannuation pool approaches $2.8 trillion (A$4.2 trillion), positioning the nation because the second-largest retirement market worldwide. This platform supplies reporting instruments, native assist, and entry to main cryptocurrencies, providing trustees new alternatives…