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
A report from crypto research firm, Chainalysis, has found that APAC is crypto’s fastest growing region, with on-chain value received surging over 300% since 2022. India was found to be the largest crypto market in APAC at US$338 billion on-chain value received, while Australia came in sixth at just overContinue Reading
Ledger has partnered with ex-Wallabies Drew Mitchell and Matt Giteau, and NRL star Angus Crichton, to help educate Aussies around crypto security and the importance of self-custody. The partnership will see the rugby stars participating in a broad range of Ledger-run education efforts over the next 12 months, including podcastsContinue Reading
Yield-bearing stablecoins generate income by investing reserves in interest-bearing assets like US Treasuries, unlike traditional static stablecoins. Australia’s forthcoming 2025 legislation will require full reserve backing, clear ownership disclosure, and guaranteed redemption rights for stablecoins. Australian companies like Catena Digital and AUDC are developing domestic stablecoins (AUDM and AUDD) withContinue Reading
