Australia – DIGIT INFO

AUSTRAC Tightens Screws on Crypto Exchanges, Warns of Enforcement Action

March 5, 2025 by DIGIT

The Australian Transaction Reports and Analysis Centre has announced that peer-to-peer cryptocurrency exchanges will be required to capture user information starting March 31, 2026. Reporting Suspicious Transactions The Australian financial agency responsible for monitoring transactions has said virtual assets services providers such as peer-to-peer cryptocurrency exchanges and custody service providers will be required to capture … Read more

Record 32.5% of Australians Hold or Have Owned Cryptocurrency, Study Finds

February 25, 2025 by DIGIT

A recent study reveals significant cryptocurrency adoption and optimism in Australia, with nearly a third of Australians having owned crypto and a majority believing in its future acceptance. Close to 60% of Users Report Profits Nearly a third (32.5%) of Australians have now owned cryptocurrency, while 42.9% “believe crypto will be widely accepted in the … Read more

Bitcoin and Ether ETFs Debut on ASX as Betashares Partners With Bitwise

February 22, 2025 by DIGIT

The launch of bitcoin and ether ETFs on the Australian Securities Exchange (ASX) by Betashares provides Australian investors with a regulated and accessible way to gain exposure to digital assets. Betashares Expands Crypto Offerings With Bitcoin and Ethereum ETFs in Australia Betashares has officially launched its bitcoin and ether ETFs on the Australian Securities Exchange … Read more

Insurance Brokerage Giant Gallagher Launches Solution for Australian Digital Asset Firms

January 29, 2025 by DIGIT

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

December 16, 2024 by DIGIT

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

Australia proposes stricter crypto rules to curb financial crime

December 12, 2024 by DIGIT

Australia proposes tighter AML/CTF rules targeting crypto exchanges, legal services and real estate to combat financial crime. Go to Source

Australia fines Kraken operator $5M for regulatory breaches

December 12, 2024 by DIGIT

Kraken Australia operator Bit Trade must pay $5 million plus the cost of court proceedings after the Federal Court sided with the country’s corporate watchdog. Go to Source

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

December 10, 2024 by DIGIT

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 taps Deutsche Bank for Asia-Pacific markets

December 10, 2024 by DIGIT

The companies indicated plans to expand their partnership to the United Kingdom and other European countries in the coming months. Go to Source

Crypto.com Expands Offerings With Acquisition in Australia

November 17, 2024 by DIGIT

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