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 McPhee mentioned many Aussie advisers proceed to carry “outdated misconceptionsContinue Reading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
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
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 ABIB argues the article breaches ABC’s editorial requirements by utilizing “outdated tropes” and ignoring use instances and institutional adoption.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
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
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
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
