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Binance Australia Fined A$10M for Mismarking Clients, Causing A$12M in Losses

Binance Australia has been fined A$10 million ($6.9 million USD) by a court for incorrectly classifying most of its customers. The subsidiary Binance Australia...

RBA: Tokenization Now a Matter of “How,” Not “If,” for Australia

The Reserve Bank of Australia has concluded its Project Acacia research, stating that tokenization's role in the financial system is now inevitable. The central...

Australia’s Senate backs crypto licensing bill to regulate digital assets

An Australian Senate committee has recommended passing a new digital asset bill that would bring crypto platforms and custody services under the country's financial...

Australia’s Crypto Activity Over 99% Legitimate Despite $50B Volume

A new investigation reveals illicit activity represents less than 1% of Australia's cryptocurrency transaction volume, despite the ecosystem processing an estimated $50 billion in...

Australia Could Unlock $17 Billion Annually in Digital Finance

Australia could unlock up to $17 billion annually from digital asset markets, but significant regulatory hurdles must be cleared first, according to a new...

Gemini Withdraws From UK, EU & Australia, Cuts 25% Of Jobs To Focus On US And AI

Crypto exchange Gemini is exiting the United Kingdom, European Union, and Australia markets and cutting 25% of its staff. The company stated these regions...

Coinbase Accuses Australia’s Major Banks of Systemic ‘Debanking’ of Crypto Firms

Coinbase has formally accused Australia's "Big Four" banks of systematic debanking against crypto and fintech firms. In a parliamentary submission, the exchange claims up...

ASIC warns regulatory gaps risk consumers as Australia pushes AFSL licensing for crypto…

The Key Issues Outlook released Monday says the Australian Securities and Investments Commission has listed regulatory gaps around crypto firms as a major risk...

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