Australia

The Australian Securities and Investments Commission (ASIC) has suspended FTX Australia’s financial license after the appointment of a voluntary administrator to help about 30,000 consumers and 132 companies get their funds back from the…
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According to a news release, BPS Financial is being sued in federal court by Australia's markets regulator for operating an unauthorized virtual asset firm. The Australian Securities and Investments Commission (ASIC) claimed that BPS…
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The Reserve Bank of Australia (RBA) plans to conduct a pilot project for the central bank digital currency “eAUD”. It is exploring CBDC use cases in Australia with the Digital Finance Cooperative Research Centre (DFCRC). This collaboration…
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The Australian Securities and Investments Commission (ASIC) has raised concerns about crypto investors being unaware of the actual risk of investing in digital assets. The country has also recorded a rising number of crypto investors. The…
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It has been three months since the Australian Labour Party came to power in the country. And it's the first time that the new government has finally broken its silence on its approach to crypto regulation in the country. According to the…
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The newly elected Australian government has announced a “token mapping” exercise as an approach to crypto regulation in the country. The exercise is one of the 12 recommendations in a senate inquiry report of 2021 on “Australia as a…
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The Reserve Bank of Australia, as part of a research project, is set to trial its own digital currency to evaluate the future of central bank digital currencies (CBDC) in the country. The central bank has partnered with the Digital Finance…
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As governments around the world clamor to vote for and against matters related to cryptocurrency, Australia settles on solid middle ground. Many Western and Asian countries are seeing a lot of pushbacks against mainstream use of…
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