U.S.-based crypto exchange Kraken is broadening its range of crypto services for Australian customers. The expansion targets eligible wholesale clients, enabling them to gain exposure to cryptocurrency price fluctuations without directly holding the assets themselves. In a blog announcement on November 3, the crypto exchange revealed that the service is ...
The Australian Federal Police (AFP) announced they had successfully "deciphered" a seed phrase granting access to $6.4 million (9.3 million Australian dollars) worth of cryptocurrencies linked to a suspect. The individual, Jay Je Yoon Jung, is accused of creating an encrypted messaging app, "Ghost," reportedly used by organised crime networks. ...
Australian regulators are reportedly drafting new legislation that will mandate cryptocurrency exchanges to obtain financial services licences, with updated regulatory guidance set to be released within the next two months. Alan Kirkland, a commissioner at the Australian Securities and Investments Commission (ASIC), announced the regulator's plans during the AFR Crypto ...
The Reserve Bank of Australia (RBA) seems to be prioritizing the development of a wholesale central bank digital currency (CBDC) over a retail version because of the potential economic benefits and reduced complexity for the nation's financial system. RBA Assistant Governor Brad Jones, speaking at the Intersekt Conference on September ...
Australian asset management firm Monochrome has announced its application to list a new Ethereum exchange-traded fund (ETF) on Cboe Australia. The announcement, made in a press release published on Thursday, September 5, 2024, reveals the company's plans to introduce the Monochrome Ethereum ETF (IETH) in partnership with its Responsible Entity ...
The Universal Digital Payments Network has announced that the Australian Digital Dollar (AUDD) is now integrated into its platform. In a blog post published on September 3, UDPN revealed that the AUDD would be added to its list of supported regulated stablecoins alongside the U.S. Dollar and Euro. AUDD, developed ...
Australians have lost over AUD $180 million (around $122 million) to crypto investment scams in the past year. According to the Australian Federal Police, young people are the main targets as the fraudsters use more advanced tactics. The federal law enforcement agency revealed this in an August 28 press release ...
The Australian Federal Police (AFP) has initiated an investigation into a large-scale cryptocurrency phishing operation that has compromised over 2,000 Australian-owned digital wallets. This action follows the revelations of Operation Spincaster, a probe conducted by blockchain analysis firm Chainalysis, which exposed widespread "approval phishing" attacks on cryptocurrency holders in six ...
National Australia Bank, one of the four largest banks in Australia, has made a significant investment in Zodia Custody, a digital asset custodian focusing primarily on institutional clients. The company announced today, June 19, 2024, that NAB Ventures, the Australian Bank's venture capital arm, made a "substantial" investment but did ...
Australians can no longer use credit cards and digital currencies for online betting as part of the government's effort to prevent people from gambling with money they don't have. On June 11, The Canberra Times reported that the Australian government had banned the use of digital currencies and credit cards ...
