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In: Australia, Stablecoins, Zodia Custody

Zodia Custody turned the primary international custodian to assist AUDM, an Australian dollar-backed stablecoin issued by Macropod, the nation’s first licensed stablecoin issuer. The partnership permits institutional purchasers to carry AUDM in chilly storage, facilitating programmable funds and real-time settlement for each conventional and crypto-native companies. AUDM just lately debutedContinue Reading

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In: ASIC, Australia, Scams

Australian liquidators have recovered solely $6.7 million of an estimated $60 million invested in NGS Crypto, a “digital mining” scheme marketed as a retirement technique. The Federal Courtroom ordered the Gold Coast-linked group to be wound up after discovering it operated with out a monetary companies licence and posed aContinue Reading

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In: ASIC, Australia, Stablecoins

The Australian Securities and Investments Fee (ASIC) has issued a “class aid” which considerably lowers the licensing hurdle for intermediaries dealing with stablecoins and wrapped tokens on secondary markets. This aid means exchanges, brokers, and fintechs now not want a separate Australian Monetary Providers (AFS) license for this exercise, makingContinue Reading

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In: Australia, Stablecoins

A brand new report from digital asset custody agency Zodia Custody argues that Australia’s economic system is approaching an inflection level that can see digital belongings, significantly stablecoins, quickly start to play a bigger function. Report contributor Joni Pirovich, founder and CEO of Crystal aOS, predicted that by 2030, we’llContinue Reading

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In: Australia, Bitcoin, Social media

The Australian Bitcoin Trade Physique (ABIB) has filed a proper criticism with the ABC over a column that claimed Bitcoin serves ‘no helpful goal’ and linked it to cash laundering. ABIB argues the article breaches ABC’s editorial requirements by utilizing “outdated tropes” and ignoring use instances and institutional adoption. TheContinue Reading

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In: Australia, Digital Asset, Regulation

Australia launched a brand new Digital Property Invoice to control crypto exchanges and custody suppliers equally to conventional monetary corporations. The framework establishes new classes (like Digital Asset Platforms) that can typically require an Australian Monetary Companies Licence (AFSL). The federal government forecasts the brand new regulation will enhance annualContinue Reading

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In: Australia

Crypto financial savings accounts are a preferred kind of funding product that permit anybody to deposit crypto and earn curiosity on them over time. As a substitute of incomes a decrease charge on money like in an everyday financial savings account within the financial institution, you’ll be able to earnContinue Reading

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In: Australia, Mortgage Broker

Mortgage on Chain launched in Australia as the primary devoted mortgage dealer specialising in securing standard house loans for crypto traders. The agency doesn’t provide crypto-backed loans however helps shoppers navigate normal financial institution standards, managing crypto portfolios and tax occasions to entry conventional mortgages. The service is linked toContinue Reading