Australia’s financial intelligence agency, AUSTRAC, has introduced strict new rules for cryptocurrency ATM operators as part of a crackdown on scams targeting older Australians. The move follows a sharp increase in fraudulent activities linked to crypto kiosks nationwide. Australia introduces new operating rules and transaction limits for crypto ATM operators ...
A Queensland man has lost control of millions in luxury assets, including Bitcoin, a waterfront mansion, and a Mercedes-Benz after Australian authorities linked them to suspected criminal proceeds. The Australian Federal Police (AFP), through its Criminal Assets Confiscation Taskforce (CACT), announced on May 18 that it had seized 25 Bitcoin, ...
Australia has appointed Tim Wilson as the new Assistant Minister for Technology. This appointment is part of the government's effort to strengthen cryptocurrency regulations and promote innovation in the digital economy, highlighting a commitment to balancing tech advancement with oversight in the crypto sector. The Australian government has been actively ...
Australia’s digital asset industry is showing renewed optimism following the appointment of Andrew Charlton as Assistant Minister for the Digital Economy, Artificial Intelligence, and other emerging technologies. The announcement was made by Prime Minister Anthony Albanese during a press conference in Canberra on May 12, marking a significant shift in ...
Protocol Theory, a leading global consumer insights firm specializing in Web3, has announced a strategic partnership with Crypto News Australia, one of the nation’s premier blockchain media outlets. The collaboration aims to close the gap between everyday crypto users and industry decision-makers by embedding ProtocolPanel™—Protocol Theory’s proprietary, human-verified survey platform—directly ...
In a significant legal win for Australia’s crypto and fintech industry, the Federal Court has overturned a previous ruling that required digital finance firm Block Earner to obtain a financial services license for its discontinued fixed-yield crypto product. The latest decision, handed down by Justices David O’Callaghan, Wendy Abraham, and ...
The Australian Federal Court has delivered a significant ruling in favour of Block Earner, a crypto lending platform, marking a pivotal moment for the digital asset industry in Australia. The decision, handed down in Sydney, represents a major setback for the Australian Securities and Investments Commission (ASIC), which had accused ...
In a significant crackdown on scam operations, the Federal Court of Australia has approved the winding up of 95 companies suspected of running elaborate crypto investment and romance scams, commonly known as “pig butchering” schemes. The decision followed an application by the Australian Securities and Investments Commission (ASIC), which alleged ...
Australia is set to tighten regulations on crypto exchanges and stablecoin issuers as part of a proposed regulatory overhaul. The country’s Treasury Department has released a policy paper detailing plans to incorporate key elements of the digital asset sector into existing financial services laws. The paper explains that the new ...
The Australian Federal Police (AFP) has launched an investigation into a large-scale cryptocurrency scam in which fraudsters impersonated Binance representatives to defraud Australians. In a joint statement, the AFP, the National Anti-Scam Centre (NASC), and Binance Australia revealed that the scheme was uncovered as part of Operation Firestorm—a global initiative ...
