Blockchain Australia CEO calls for unified efforts to stamp out crypto scams

Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate.

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CBDCs aren’t about solving today’s problems — Australia’s CBDC lead

Central Bank Digital Currencies (CBDCs) may not solve any problems faced today, but could be the answer to ones not even fathomed yet, says the executive spearheading Australia’s CBDC pilot. Speaking to Cointelegraph, Dilip Rao, a former Ripple executive who’s now spearheading Australia’s in-pilot CBDC research project, believes a central bank-issued currency could be built [...]

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Australia Warns Crypto ATM Providers About Money Laundering Rules

The Australian financial watchdog has warned crypto ATM operators to follow the anti-money laundering rules in the state or face legal action. This warning came due to the fact that many of these machines may be used by criminals for illegal activities like fraud or money laundering.  AUSTRAC, the Australian Transaction Reports and Analysis Centre, […]

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Australian banks claim 40% of scams 'touch' crypto as it defends restrictions

During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges.

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Australia’s token mapping to be ‘tech agnostic,’ says Treasury official

Trevor Power hopes the framework will fall closer on the “spectrum” to the EU’s MiCA, as opposed to the current regulatory position in the U.S.

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Binance Halts Certain Trading Pairs and Disables PayID AUD Deposits Amid Tightening Australian Regulations

In an ongoing adaptation to tighter Australian regulations, Binance, the world's largest cryptocurrency exchange, has announced significant changes affecting its Australian users. (Read More)

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Securities Commission Cancels FTX Australia’s License

Australia’s securities regulator has canceled the license of the local FTX entity, allowing it to perform only limited financial services. These will be related to the termination of derivatives with clients and arrangements to compensate retail customers. ASIC Revokes Financial Services License of Crypto Exchange FTX Subsidiary The Australian Securities and Investments Commission (ASIC) announced [...]

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Australia bolsters crypto watchdogs in ‘multi-stage’ plan to fight scams

The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022.

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Australian Executive Opposes a “Separate Regulatory Regime” for Cryptocurrency

After the FTX crash, the government became aware of the importance of focusing on non-regulated crypto assets.

Continue reading Australian Executive Opposes a “Separate Regulatory Regime” for Cryptocurrency at DailyCoin.com.

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Nifty News: 'Degen' season returns with feet NFTs, disappointing Game of Thrones NFTs and more

Foot fetishists and crypto degens have taken interest in an NFT collection boasting 10,000 unique pixelated trotters with over $1 million in trading volume.

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Two crypto-related ETFs were the worst-performing in Australia for 2022

ETFs tracking crypto companies have seen significant drawdowns over the year as a result of major macroeconomic headwinds.

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Australian 'token mapping' consultation paper to release in early 2023: Treasurer

The consultation paper will give an insight into how certain crypto assets should be regulated alongside frameworks for company licensing, asset custody and consumer protections under token mapping.

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A loophole allowed FTX to secure its Aussie license without full checks: ASIC's Longo

ASIC's Joseph Longo pointed the finger at a loophole that allowed FTX to acquire an Australian Financial Services License under its watch.

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Nobel Prize Laureate Paul Krugman Warns of an Eternal Winter for Blockchain

Nobel Prize-winning economist Paul Krugman has warned about the possibility of a perennial winter for blockchain projects, including crypto. In a recent article published in the New York Times (NYT), the economist criticizes blockchain as a tech and its uses citing several signs that he believes precede this upcoming winter. Paul Krugman Compares Crypto Winter

The post Nobel Prize Laureate Paul Krugman Warns of an Eternal Winter for Blockchain appeared first on BTC Ethereum Crypto Currency Blog.

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Aussie treasurer promises crypto regulation next year amid FTX debacle

A spokesperson for Australian Treasurer Jim Chalmers said they are closely monitoring the fallout from FTX's collapse.

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Aussie stock exchange abandons blockchain plans, leaving $170M hole

The blockchain-backed upgrade in the works for nearly five years has potentially cost Australia’s primary exchange over $170 million.

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ASIC's Longo pledges action against certain ‘high-risk’ crypto products

The chair of Australia’s market regulator has warned that “action will be taken” on financial product issuers who promote risky products to a wide consumer base.

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ASIC fires industry warning shot as it sues BPS Financial over crypto promo

The Australian securities regulator is pursuing BPS Financial Pty Ltd for allegedly making false and misleading representations, and engaging in unlicensed conduct.

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Three Aussie crypto funds halted as regulator cites non-compliance

Three funds tracking Bitcoin, Ethereum, and FileCoin have been issued interim stop orders by Australia’s market regulator due to "non-compliant" target market determinations.

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Sports sponsorship is helping legitimize crypto in Australia — Coinjar exec

Luke Ryan of CoinJar says sporting partnerships “helps shift the image of crypto away from the idea that it’s only there as speculative mania.”

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