Australian Minister for Home Affairs Tony Burke unveiled new “powers” for AUSTRAC to curb the usage of crypto ATMs. Addressing the National Press Club in Canberra on Thursday, he explained that Bitcoin ATMs are being utilized by organized crime to launder cash. The minister identified that Australia’s monetary crimes watchdog, AUSTRAC, discovered 85% of funds…
Gemini has arrange a neighborhood arm in Australia and moved Australian accounts into it, signaling a much bigger push into the Asia-Pacific market. According to firm notices and regulatory filings, the brand new entity is known as Gemini Intergalactic Australia Pty Ltd and it’s registered with AUSTRAC as a digital foreign money supplier. The shift…
Crypto alternate Gemini has launched a completely localized operation in Australia, marking its newest transfer to increase throughout the Asia-Pacific area amid rising regional demand for digital property. Key Takeaways: Gemini has established a completely localized operation in Australia after securing registration. Australia’s nationwide crypto adoption price has reached 31%, up from 28% final 12…
Australia plans to hit digital asset platforms with penalties of as much as 10% of annual turnover in the event that they breach new guidelines, underneath draft legislation launched on Thursday. The proposal requires exchanges and different operators to safe an Australian Financial Services Licence. Firms that fail to behave actually and pretty, or that…
The Australian Securities and Investments Commission (ASIC) granted class aid for intermediaries distributing stablecoin issued by licensed Australian Financial Services (AFS) suppliers, exempting them from separate licensing necessities till June 2028. According to the press release, the first-of-its-kind aid permits distributors to function with out an Australian market, clearing and settlement facility, or extra AFS…
For the reason that signing of the 401(ok) Act within the U.S., crypto exchanges worldwide have been eyeing retirement financial savings as a significant on-ramp for digital property. Based on a Bloomberg report, Australia’s $2.8 trillion pension pool, identified regionally as superannuation, has emerged as one of many largest targets, with Coinbase and OKX rolling…
The Australian Securities and Investments Fee (ASIC) has eliminated greater than 14,000 funding rip-off and phishing web sites since July 2023, with crypto fraud accounting for roughly 3,015 takedowns or 20% of all removals. ASIC continues shutting down a mean of 130 malicious websites weekly whereas increasing its capabilities to incorporate social media commercials in…
Australia’s only ASX-listed cryptocurrency fund manager, DigitalX, has increased its Bitcoin holdings with the purchase of 74.7 BTC for approximately $8.8 million. Key Takeaways: DigitalX has boosted its Bitcoin holdings to nearly 500 BTC, now valued at over $100 million. The firm allocated $12.8 million from a recent capital raise toward Bitcoin accumulation. DigitalX joins…