Australia’s market regulator, ASIC, has granted class relief to secondary distributors of stablecoins issued by Australian Financial Services (AFS) licensed issuers, removing significant regulatory overhead for distributors. The relief currently only applies to one stablecoin, AUDM issued by Catena Digital, but ASIC said it may extend the relief as moreContinue Reading
Aussie digital asset financial services firm, Block Earner, announced it has secured an additional AU$8 million in Series A funding. It follows Block Earner’s launch of Australia’s first Bitcoin-backed home loan product last month, which the company claims has already attracted AU$400 million in mortgage demand. Block Earner said theContinue Reading
Australia’s financial regulator, ASIC, has issued a public warning against crypto exchange Bitget for allegedly promoting high-risk derivatives with extreme leverage to Australian users without the required AFS license. ASIC emphasised that these unlicensed products expose investors to significant losses and strip them of crucial protections under Australian financial servicesContinue Reading