Analysis performed by Australian web3 analysis agency Protocol Concept and crypto information outlet CoinDesk has discovered 25% of internet-connected adults in APAC personal cryptocurrency. Protocol Concept founder and CEO, Jonathan Inglis, instructed the Tapping into Crypto podcast that the remaining 75% of potential crypto house owners are reluctant to takeContinue Reading
The Federal Court docket fined BPS Monetary $14 million for unlicensed monetary companies exercise and deceptive statements linked to Qoin Pockets. The misconduct occurred between 2020 and 2023 and was compounded by compliance failures and senior administration involvement. ASIC mentioned the ruling sends a powerful deterrent message to crypto suppliersContinue Reading
ASIC is about to ascertain a clearer regulatory perimeter this 12 months in an effort to minimise dangers round unlicensed crypto recommendation and deceptive conduct. ASIC might be considerably depending on the passage of the Australian Authorities’s proposed digital property framework, which might see digital asset corporations develop into topicContinue Reading
2026 is rising as a defining milestone for world finance. President Trump already signed the Genius Act on July 18, 2025, establishing shopper safety, month-to-month transparency, compliance, redemption rights, and full reserve backing for tokenised {dollars} – stablecoins. Though quickly postponed, the CLARITY Act is to additional modernize finance byContinue Reading
Australia’s crypto sector is shifting from coverage session to hands-on regulatory execution in response to Blockchain APAC CEO Steve Vallas. New ASIC steering and proposed digital asset laws place better operational accountability on business practitioners. Vallas warns that sluggish or fragmented implementation can create regulatory blind spots with out sustainedContinue Reading
Whereas giant monetary establishments globally, reminiscent of Financial institution of America, transfer to permit their advisers to suggest crypto merchandise, Aussie monetary advisers stay poorly knowledgeable and reluctant to have interaction with crypto, in accordance with Andrew McPhee from Swyftx. McPhee mentioned many Aussie advisers proceed to carry “outdated misconceptionsContinue Reading
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
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
Cryptocurrency agency, Nexo, has partnered with Tennis Australia to turn into the Australian Open’s Official Crypto Companion beginning in 2026. The partnership will see Nexo branding seem court-side on “Nexo Coaches Pods” on the Australian Open and lead-up tournaments together with the United Cup and the Brisbane Open. Nexo hadContinue Reading
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
