Tag: Australia

Australia AUSTRAC has begun warning inactive firms to voluntarily withdraw or face deregistration to combat scams.

AFP has issued a warning to over 130 individuals targeted by a new text message scam that impersonates legitimate Binance communications.

Despite the United States making headlines with its plans for a strategic crypto reserve, Australia is taking a different route.

A new survey suggests that upcoming federal election in Australia could see cryptocurrency investors playing a decisive role at the polls.

Australia Federal Court has ordered Bit Trade to pay an AU$8 million ($5.1 million) fine for breaching market rules.

Australia fintech landscape has experienced a major shake-up in 2024, with more than 7% of fintech companies shutting down.

Australia AUSTRAC has announced a focused crackdown on crypto ATM operators as part of its efforts to combat criminal misuse of crypto.

The Reserve Bank of Australia (RBA) has confirmed it will not be pursuing a retail CBDC in the near future.

Australians have been defrauded out of $122 million through cryptocurrency scams over the past year, according to a report by the AFP.

Following the ruling by Justice John Nicholas, ASIC and Bit Trade have been given a week to finalize declarations and injunctions.

The initiative aims to gather data spanning from 2014 to 2026 from any legally operating crypto exchange in Australia.

Spot trading users on OKX Australia have access to a diverse selection of 170 crypto spot pairs and a total of 85 tokens.

The surge in spot Bitcoin ETF applications in Australia follows similar approvals in the United States and Hong Kong.

"There are lots of very smart people in the government working really hard on [crypto] policy," said Binance Australia GM Ben Rose.

The National Australia Bank chose not to identify the bitcoin exchanges that are most likely to suffer bank blocks. 

The majority of crypto were owned by people in Australia between the ages of 25 and 49, representing 69% of all investments in crypto.