Swyftx’s fifth Annual Crypto Survey has discovered 40% Aussies aged underneath 35 remorse not shopping for Bitcoin a decade in the past. The survey additionally discovered {that a} third of Gen Zs now personal Bitcoin, excess of the final inhabitants the place the possession fee is round 20%. Swyftx CEO,Continue Reading
Forte Tech Options has accomplished Australia’s first tokenisation of presidency bonds, value US$2 million (AU$3.07 million), underneath the RBA’s Venture Acacia. The pilot, performed with CoinSpot, makes use of Forte’s AUDF stablecoin and a brand new on-chain Supply-versus-Fee framework for near-instant bond settlement. Venture Acacia brings collectively regulators, main banksContinue Reading
Australia’s Dwelling Affairs Minister introduced plans to limit or ban crypto ATMs, labeling them a “high-risk product” tied to cash laundering and scams. The measure is a part of a broader package deal to increase federal powers, which might grant AUSTRAC’s CEO the authority to ban designated high-risk merchandise likeContinue Reading
Australia introduced draft legislation to bring crypto platforms under the Australian Financial Services License (AFSL) regime, integrating them into existing financial services law. The proposal introduces two new categories—digital asset platforms and tokenised custody platforms, moving oversight for most exchanges from AUSTRAC to ASIC. The framework extends obligations to servicesContinue Reading
A report from crypto research firm, Chainalysis, has found that APAC is crypto’s fastest growing region, with on-chain value received surging over 300% since 2022. India was found to be the largest crypto market in APAC at US$338 billion on-chain value received, while Australia came in sixth at just overContinue Reading
Ledger has partnered with ex-Wallabies Drew Mitchell and Matt Giteau, and NRL star Angus Crichton, to help educate Aussies around crypto security and the importance of self-custody. The partnership will see the rugby stars participating in a broad range of Ledger-run education efforts over the next 12 months, including podcastsContinue Reading
Yield-bearing stablecoins generate income by investing reserves in interest-bearing assets like US Treasuries, unlike traditional static stablecoins. Australia’s forthcoming 2025 legislation will require full reserve backing, clear ownership disclosure, and guaranteed redemption rights for stablecoins. Australian companies like Catena Digital and AUDC are developing domestic stablecoins (AUDM and AUDD) withContinue Reading
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
Sydney-based startup Hana Wallet has launched its Web3 Debit Mastercard, a non-custodial prepaid crypto card that allows users to spend crypto at any location where Mastercard is accepted. The card, issued in partnership with Immersve, a principal member of the Mastercard network, integrates with Apple Pay and Google Pay andContinue Reading
OKX has launched a new self-managed superannuation fund (SMSF) platform designed to ease the investing process for Aussies looking to add crypto to their retirement nest egg. The platform features “institutional-grade” custody, multi-sig security and reporting tools to ease compliance, and Australian-based support. Crypto is still a very small partContinue Reading
