Australia passes crypto regulation requiring exchanges to obtain financial services licenses
Exchanges and custody platforms must obtain financial services licenses within six months under the new framework.
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Exchanges and custody platforms must obtain financial services licenses within six months under the new framework.
The Senate Economics Legislation Committee said the proposed legislation will modernize digital assets regulatory framework.
An OKX-backed report estimates tokenization and digital finance could generate A$24 billion annually, with productivity gains hinging on reforms to licensing, sandboxes and financial market rules.
In Australia, AUSTRAC oversees crypto exchanges to make sure they follow anti-money laundering (AML) and counter-terrorism financing (CTF) laws. Crypto hacks are way too common, so security should be a huge priority when picking an exchange. 2. Security – Can You Trust the Exchange with Your Money? Some of the most trusted Aussie exchanges-like CoinSpot and Swyftx-are fully compliant, so […]
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The tariff-sensitive currency has rebounded nearly 100 pips from the Asian session low, suggesting a potential nadir in the selling of risk assets.
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Australia’s police has confiscated $6.4 million in cryptocurrency as part of a global crackdown on Ghost, an encrypted communications network, authorities allege was “built solely for the criminal underworld,” a statement said.
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Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs.