Australia

Australia’s securities regulator has declared stablecoins, wrapped tokens, tokenized securities, and digital asset wallets as monetary merchandise underneath current regulation, requiring service suppliers to acquire licensing whereas granting the business an eight-month transition interval. The Australian Securities and Investments Commission (ASIC) announced up to date steerage on Wednesday, alongside a sector-wide no-action place that runs…

U.S. President Donald Trump has reignited international commerce tensions after threatening to impose tariffs of as much as 155% on Chinese items beginning November 1, until Washington and Beijing attain a brand new commerce settlement. The remarks got here Monday throughout a White House assembly with Australian Prime Minister Anthony Albanese, the place the 2…

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…

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…