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In: Australia, Retail, Stablecoins

A Sydney buyer reportedly accomplished Australia’s first retail stablecoin cost on Base utilizing the Australian dollar-backed token AUDD. The cost settled virtually immediately on-chain with out counting on banks, card networks or standard cost processors. The transaction highlighted Australia’s current stablecoin licensing framework and rising curiosity in blockchain-based retail funds.Continue Reading

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In: Australia, Digital Asset, Tax

Australia plans to exchange the 50% CGT low cost with inflation-based indexation and introduce a 30% minimal tax on capital positive aspects from 2027. Property tax settings, together with detrimental gearing, are being tightened whereas assist is maintained for brand spanking new housing provide. Crypto property, together with Bitcoin, areContinue Reading

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In: Australia, Cryptocurrencies, Tax

Australia is reportedly getting ready to interchange its long-standing 50% capital positive aspects tax low cost with an inflation-indexed mannequin that may additionally apply to crypto property. Trade individuals warn the proposed reforms may weaken incentives for crypto funding and start-up formation in Australia. The reported tax adjustments come asContinue Reading

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In: Australia, Bitcoin, Blockchain

NSW Police seized 52.3 Bitcoin allegedly linked to darknet market exercise throughout a raid in Sydney’s south-west. Strike Pressure Andalusia used blockchain tracing and digital forensics to attach cryptocurrency transactions to suspects. Two males have been charged following the investigation, which police say highlights rising capabilities in crypto crime enforcement.Continue Reading

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In: Australia, Coinbase, SMSF

Coinbase has launched an SMSF-focused crypto service to faucet into Australia’s trillion-dollar self-managed retirement sector. The product goals to simplify entry with tailor-made onboarding, compliant reporting, and institutional-grade custody. Trustees retain full accountability for deciding whether or not crypto suits their fund’s technique and danger profile Coinbase has launched aContinue Reading

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In: Australia, Payments, Stablecoins

A brand new draft imaginative and prescient from Australia’s funds leaders suggests account-to-account methods could must evolve to help stablecoins and tokenised fiat as digital belongings achieve traction.  The report highlights interoperability, automation, and safety as key priorities in enabling seamless motion between conventional financial institution cash and tokenised kindsContinue Reading

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In: Australia, Cryptocurrency, Mortgage Broker

Crypto’s rising reputation will finally see crypto-backed mortgage merchandise enter the Australian lending market, in accordance with Stephanie Coleman from Unconditional Finance. For the time being although, crypto stays largely excluded from lending choices as a consequence of an absence of regulatory readability and issues over volatility, Coleman stated. AustraliaContinue Reading

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In: Australia, Bitget, Regulation

ASIC has warned that Bitget is selling unlicensed, high-leverage crypto derivatives that exceed Australia’s regulatory limits. The alternate has continued internet hosting occasions nationwide, together with at universities, regardless of regulatory considerations. New laws goals to tighten oversight by introducing necessary licensing and stronger investor protections. Bitget’s promotional exercise inContinue Reading

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In: Australia, Digital Asset, Regulation

Australia’s parliament on Wednesday handed laws establishing the nation’s first-ever digital asset regulatory framework, requiring crypto exchanges and custody suppliers to carry Australian Monetary Providers Licenses (AFSL) to proceed to function.  The brand new framework establishes two new classes beneath the Companies Act: digital asset platforms and tokenised custody platforms,Continue Reading