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Australia Mandates Financial Services Licences for Crypto Exchanges Under New Bill
Australia has introduced a new bill mandating financial services licences for cryptocurrency exchanges operating in the country. The move aims to align digital asset platforms with traditional financial regulations, improve investor protection, and enhance market transparency. Exchanges will be required to meet compliance and disclosure standards a...
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Australian Lawmakers Advance New Bill to Regulate Crypto Platforms
An Australian Senate committee has recommended passing a new bill aimed at regulating cryptocurrency platforms under the country’s financial services framework. The proposed legislation would introduce licensing and compliance requirements for exchanges and custody providers handling digital assets. If approved by Parliament, the bill could bring...
-
ASIC Clarifies Crypto Rules; Stablecoins, Tokenised Assets Flagged as Financial Products
Australia’s financial regulator, ASIC, has issued long-awaited guidance clarifying which crypto assets fall under financial products. The move provides legal certainty for firms but raises concerns about the regulator’s capacity to handle new licensing demands. Under the revised framework, stablecoins, wrapped tokens, and tokenised securities w...
-
Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries
The Australian Securities and Investments Commission (ASIC) has introduced class relief that exempts intermediaries from needing separate licences to distribute stablecoins issued by licensed providers. The initiative is intended to lower compliance hurdles and encourage growth in the digital assets sector. At the same time, ASIC emphasised that is...
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Australia Proposes Regulations for Crypto Exchanges, Custody Services, Brokerage Firms: Details
The Australian Treasury has proposed rules to regulate digital asset platforms (DAPs), including exchanges, custodians, and brokerages. The government plans to implement the reforms this year, according to the Treasury.
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After Kraken, Binance Sued by ASIC in Australia: Here’s Why
The ASIC has filed a lawsuit in federal court, accusing Binance's local subsidiary of misclassifying 505 retail investors as wholesale investors. As a result, the exchange is alleged to have failed to provide the necessary consumer protection for these retail investors.
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Kraken Fined in Australia for Legal Violations Resulting in Financial Losses to Citizens
Australia has fined US-based crypto exchange Kraken $5.1 million (roughly Rs. 43 crores or AUD 8 million). The ASIC criticised Bit Trade, which operates Kraken locally, for improper marketing that led to financial losses for Australian citizens.
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From Sneakers That Prioritise Comfort For Everyday Wear To Jackets That Will Help You Layer Up In Style; 10 Fashion Launches That Are November's Top Picks
The new launches for November 2024 serve all the fashion offerings in a nutshell
-
New AI Chip "Will Revolutionise ChatGPT", Claims Startup Founded By Harvard Dropouts
'Sohu' claims to be 20 times faster in running transformers like ChatGPT than Nvidia's flagship- H100s, betting on transformer ASIC (Application Specific Integrated Circuits) chipset.
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FTX License Cancelled by Australia Securities Regulator Effective From July 14
Australian Securities & Investments Commission (ASIC) said on Wednesday it had cancelled the license of the local arm of collapsed U.S. cryptocurrency exchange FTX, effective from July 14.
-
Australia Mandates Financial Services Licences for Crypto Exchanges Under New Bill
Australia has introduced a new bill mandating financial services licences for cryptocurrency exchanges operating in the country. The move aims to align digital asset platforms with traditional financial regulations, improve investor protection, and enhance market transparency. Exchanges will be required to meet compliance and disclosure standards a...
-
Australian Lawmakers Advance New Bill to Regulate Crypto Platforms
An Australian Senate committee has recommended passing a new bill aimed at regulating cryptocurrency platforms under the country’s financial services framework. The proposed legislation would introduce licensing and compliance requirements for exchanges and custody providers handling digital assets. If approved by Parliament, the bill could bring...
-
ASIC Clarifies Crypto Rules; Stablecoins, Tokenised Assets Flagged as Financial Products
Australia’s financial regulator, ASIC, has issued long-awaited guidance clarifying which crypto assets fall under financial products. The move provides legal certainty for firms but raises concerns about the regulator’s capacity to handle new licensing demands. Under the revised framework, stablecoins, wrapped tokens, and tokenised securities w...
-
Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries
The Australian Securities and Investments Commission (ASIC) has introduced class relief that exempts intermediaries from needing separate licences to distribute stablecoins issued by licensed providers. The initiative is intended to lower compliance hurdles and encourage growth in the digital assets sector. At the same time, ASIC emphasised that is...
-
Australia Proposes Regulations for Crypto Exchanges, Custody Services, Brokerage Firms: Details
The Australian Treasury has proposed rules to regulate digital asset platforms (DAPs), including exchanges, custodians, and brokerages. The government plans to implement the reforms this year, according to the Treasury.
-
After Kraken, Binance Sued by ASIC in Australia: Here’s Why
The ASIC has filed a lawsuit in federal court, accusing Binance's local subsidiary of misclassifying 505 retail investors as wholesale investors. As a result, the exchange is alleged to have failed to provide the necessary consumer protection for these retail investors.
-
Kraken Fined in Australia for Legal Violations Resulting in Financial Losses to Citizens
Australia has fined US-based crypto exchange Kraken $5.1 million (roughly Rs. 43 crores or AUD 8 million). The ASIC criticised Bit Trade, which operates Kraken locally, for improper marketing that led to financial losses for Australian citizens.
-
From Sneakers That Prioritise Comfort For Everyday Wear To Jackets That Will Help You Layer Up In Style; 10 Fashion Launches That Are November's Top Picks
The new launches for November 2024 serve all the fashion offerings in a nutshell
-
New AI Chip "Will Revolutionise ChatGPT", Claims Startup Founded By Harvard Dropouts
'Sohu' claims to be 20 times faster in running transformers like ChatGPT than Nvidia's flagship- H100s, betting on transformer ASIC (Application Specific Integrated Circuits) chipset.
-
FTX License Cancelled by Australia Securities Regulator Effective From July 14
Australian Securities & Investments Commission (ASIC) said on Wednesday it had cancelled the license of the local arm of collapsed U.S. cryptocurrency exchange FTX, effective from July 14.
