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In: Australia, Crypto Exchange, Law

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

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In: Australia, Ledger, Security

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

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In: Australia, Opinion, Stablecoins

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

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In: ASIC, Australia, Stablecoins

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

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In: Australia, Crypto Wallets, Payments

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

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In: Australia, OKX, SMSF

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

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In: Australia, Coinbase, OKX

Crypto exchanges Coinbase and OKX are targeting Australia’s superannuation system, launching products aimed at getting more Aussies investing in crypto through a self-managed super-fund (SMSF). OKX launched their SMSF product in June while Coinbase plans to launch theirs in the coming months — both exchanges say they’ve seen strong demandContinue Reading