Australia Unveils Ambitious Crypto Integration Plan with New Regulatory Framework
Australian Treasury reveals comprehensive strategy to regulate digital assets and integrate crypto into the national financial system, introducing Digital Asset Platforms licensing framework. The initiative addresses de-banking issues and aims to transform Australia's financial landscape by 2025.
Australian Court Fines Kraken's Local Operator $8M for Unlicensed Credit Services
Bit Trade, operating Kraken crypto exchange in Australia, faces an $8M penalty for offering margin trading without proper regulatory compliance. The landmark case clarifies the regulatory treatment of cryptocurrency lending services and highlights increasing oversight of digital asset businesses.
Australia Launches Crypto ATM Taskforce to Combat Money Laundering
Australia's financial watchdog AUSTRAC is establishing a specialized taskforce to regulate cryptocurrency ATMs amid rising concerns over financial crimes. The initiative targets the country's 1,200+ crypto ATMs, requiring operators to comply with strict anti-money laundering protocols or face penalties.