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Crypto.com Expands Offerings With Acquisition in Australia

Crypto.com Expands Offerings With Acquisition in AustraliaCrypto.com has announced its acquisition of Fintek Securities Pty Ltd., a brokerage firm with an Australian Financial Services Licence regulated by the Australian Securities and Investments Commission. This move allows Crypto.com to broaden its financial product offerings, including derivatives, securities, foreign exchange, and managed investment schemes, to eligible users. CEO Kris Marszalek highlighted the acquisition […]

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Kraken Launches Licensed Broker Offering for Australian Wholesale Clients, Expanding Access to Crypto-Based Derivatives

Kraken Launches Licensed Broker Offering for Australian Wholesale Clients, Expanding Access to Crypto-Based DerivativesKraken has announced the launch of a licensed broker offering specifically designed for Australian wholesale clients, providing access to a range of crypto-based derivatives products. This new service allows eligible clients to manage risk and gain exposure to cryptocurrency price movements without the need to hold the underlying assets. The offering is backed by Kraken’s […]

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Monochrome Asset Management Launches Ethereum ETF in Australia

Monochrome Asset Management Launches Ethereum ETF in AustraliaMonochrome Asset Management has announced the launch of the Monochrome Ethereum ETF (IETH), marking Australia’s first exchange-traded fund (ETF) that provides direct access to ethereum. Trading under the ticker ‘IETH’ on Cboe Australia, the ETF will be available on most Australian brokerage platforms, allowing local investors to gain exposure to ethereum through a direct-holding structure. […]

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Bitcoin Cash: Empowering Merchants and Boosting Adoption in Bitcoin Cash City

Bitcoin Cash: Empowering Merchants and Boosting Adoption in Bitcoin Cash CityBitcoin Cash (BCH) has emerged as a popular cryptocurrency, offering fast and low-cost transactions. In the vibrant city of Townsville, Australia, BCH adoption has reached new heights, thanks to the Bitcoin.com Wallet app and the Bitcoin.com point of sales register app. This article explores how the Bitcoin.com ecosystem, backed by generous supporters like Code Valley, […]

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Circle to Expand USDC Stablecoin to Australia and APAC Region Through Strategic Partnership

Circle to Expand USDC Stablecoin to Australia and APAC Region Through Strategic PartnershipMark Carnegie’s MHC Digital Group is partnering with Circle Internet Financial to expand the distribution of the stablecoin USD Coin (USDC) to institutional investors in Australia and the broader Asia-Pacific (APAC) region. This strategic collaboration aims to help superannuation funds and high-net-worth individuals avoid significant bank fees by leveraging USDC, which has a market capitalization […]

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Australia Mandates Financial Services Licenses for Crypto Firms Under New ASIC Regulations

Australia Mandates Financial Services Licenses for Crypto Firms Under New ASIC RegulationsThe Australian Securities and Investments Commission (ASIC) has announced new legislation requiring cryptocurrency exchanges to obtain financial services licenses. This expansion of the Corporations Act aims to provide clearer oversight of the crypto sector, ensuring that widely traded crypto assets, such as bitcoin, are appropriately regulated. The new regulations are set to be implemented by […]

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Australia to require crypto firms to hold financial services licenses

Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges.

Australian regulators are reportedly preparing new legislation to require cryptocurrency exchanges to obtain financial services licenses.

Licensing requirements for crypto exchanges in Australia are set to be extended beyond those related to digital currency exchanges, The Australian Financial Review (AFR) reported.

According to Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland, the new requirements are necessary because the regulator considers that the Corporations Act captures most major crypto assets like Bitcoin (BTC) and Ether (ETH).

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Australia’s central bank launches 3-year program for wholesale CBDC

RBA Assistant Governor Brad Jones said the potential benefits of a retail CBDC in Australia appear modest or uncertain at present.

The Reserve Bank of Australia (RBA) says it won’t be pursuing a retail CBDC anytime soon, but instead, it will focus its efforts on launching a wholesale CBDC. 

In a Sept. 18 speech at the Intersekt Fintech Conference in Melbourne, RBA Assistant Governor Brad Jones presented the Australian central bank’s three-year roadmap, which focuses largely on the development of a wholesale CBDC.

Jones said the RBA’s research had found a retail CBDC offered little in the way of genuine innovation for public use in Australia, whereas a wholesale CBDC would offer several key advantages to commercial and central banks.

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Moonpay Secures Registration to Offer Digital Currency Exchange Services in Australia

Moonpay Secures Registration to Offer Digital Currency Exchange Services in AustraliaMoonpay has successfully registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services in Australia. This registration will enable Moonpay to establish local payment processing relationships and offer Australian users alternative payment methods such as Osko and Pay ID. As a registered entity, Moonpay will comply with Australia’s AML/CTF […]

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Crypto ATMs surge 17X in Australia amid concerns over use by bad actors

The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime.

Australia has seen the number of new crypto ATMs swell by 17 times in the past two years, making it one of the world’s fastest-growing markets for the kiosks, despite rising concerns over their use by malicious actors.

The country is now the world’s third-largest market for crypto ATMs with 1,162 machines — up from just 67 in August 2022, data from Coin ATM Radar shows.

This means that 160 ATMs have been added since the end of April, when Australia just crossed the milestone of having over 1,000 active machines in operation.

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