Insurance Brokerage Giant Gallagher Launches Solution for Australian Digital Asset Firms

Gallagher, a leading insurance broker a specialized insurance product aimed at Australian companies managing digital assets. Civil Liability Cover Insurance broking giant Gallagher has unveiled a specialized insurance product designed to address the risks faced by Australian companies managing digital assets. Known as Gallagher Crypto-Pro, the product aims to help Australian companies operating in this … Read more

Kraken Slammed With $5.1 Million Fine for Regulatory Breach in Australia

An Australian court fined Kraken $5.1 million AUD for offering a margin lending product to Australian customers without proper regulatory approval. Unlawful Credit Facility An Australian court has fined the digital asset exchange platform Kraken $5.1 million Australian dollars (AUD) for “unlawfully issuing a credit facility to more than 1,100 Australian customers.” The penalty concludes … Read more

Australian Fintech Report: Blockchain and Crypto Sector Contracts Amid Global Shift to AI

A recent KPMG report shows a 14% decline in the number of active firms in Australia’s blockchain and cryptocurrency sector in 2024. M&A and Investment Activity Subdued in 2024 According to a recently released KPMG report, the number of active firms in Australia’s blockchain and cryptocurrency sector dropped from 85 to 74. This translates to … Read more

Crypto.com Expands Offerings With Acquisition in Australia

Crypto.com has announced its acquisition of Fintek Securities Pty Ltd., a brokerage firm with an Australian Financial Services Licence regulated by the Australian Securities and Investments Commission. This move allows Crypto.com to broaden its financial product offerings, including derivatives, securities, foreign exchange, and managed investment schemes, to eligible users. CEO Kris Marszalek highlighted the acquisition … Read more

Kraken Launches Licensed Broker Offering for Australian Wholesale Clients, Expanding Access to Crypto-Based Derivatives

Kraken has announced the launch of a licensed broker offering specifically designed for Australian wholesale clients, providing access to a range of crypto-based derivatives products. This new service allows eligible clients to manage risk and gain exposure to cryptocurrency price movements without the need to hold the underlying assets. The offering is backed by Kraken’s … Read more