Scammers file faux complaints by means of Australia’s official ReportCyber portal, then name victims claiming to be AFP officers and use the report as “proof.” The fraudsters, generally with a second caller posing as a crypto platform consultant, use this “veneer of legitimacy” to trick victims into shifting their cryptoContinue Reading
Australia sanctioned 4 North Korean cyber models, together with Lazarus Group, over an estimated A$1.9 billion crypto theft spree in 2024 to disrupt weapons funding. The sanctions goal teams linked to the Reconnaissance Common Bureau, noting that the worth stolen this 12 months is 50% larger than in 2023. Individually,Continue Reading
IBIT will launch in Australia in mid-November 2025, providing regulated Bitcoin publicity on the ASX. The ETF is backed by the US iShares Bitcoin Belief, expenses 0.39% administration payment, and displays rising institutional demand for Bitcoin. BlackRock’s ETF development continues globally, with sturdy inflows of US$153 billion (AU$237.15 billion) inContinue Reading
An AFP information scientist recovered US$5.9 million (AU$9.0 million) in cryptocurrency from a digital pockets linked to organised crime. Investigators uncovered the pockets’s restoration phrase by decoding a hidden sample in a suspect’s telephone information. The seized funds could also be forfeited to the Commonwealth to help nationwide crime preventionContinue Reading
A brand new report from market analysis agency CoreData has discovered cryptocurrency is now Australia’s third hottest funding at 12% possession. Yr-on-year crypto possession charges elevated from 11% to 12%, whereas funding property possession plummeted from 13% to six%, in line with the report. The report additionally discovered a continuedContinue Reading
Australia’s proposed crypto regulation, which provides “digital asset platform” and “tokenised custody platform” below the Firms Act, has broad business help. Trade suggestions focuses on three points: defining the scope and discretion of regulators, clarifying how native platforms can legally supply offshore liquidity, and offering key mechanics presently deferred toContinue Reading
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
