#Australia

Highlights: Block Earner has lost a unanimous High Court appeal over its former fixed-yield crypto product. ASIC’s win sends the penalty issue back to the Full Federal Court. The ruling says existing financial product laws can cover crypto yield offerings. […]

Highlights: Australia’s reported CGT reform may change how long-term crypto profits are taxed. The plan would replace the 50% discount with an inflation-based tax method. Critics say the changes could affect investment in businesses, shares, housing, and crypto. Australia is […]

Highlights: AUSTRAC launches supervision campaigns covering OTC crypto operators and local exchanges. Australia’s VASP reforms now cover custody, brokerage, and other virtual asset services. New rules move crypto oversight closer to financial services licensing and AML checks. Crypto firms in […]

Highlights: KuCoin and Mastercard have partnered to enable direct crypto payments for Australian users. KuCard allows users to pay with stablecoins at checkout with instant conversion. KuCoin has expanded into Australia with KuCard under AUSTRAC’s existing payment systems. KuCoin and […]

Highlights: Australia passed a crypto bill requiring exchanges and custody firms to obtain an AFSL licence. The new framework gives ASIC stronger powers over custody, disclosure, settlement, and platform conduct. Smaller firms get exemptions, while the full crypto framework will […]

Highlights: Australia’s Federal Court fined Binance Australia Derivatives A$10 million over major client onboarding failures. Binance admits it wrongly classified 524 retail users as wholesale crypto derivatives clients. Those users lost more than A$12 million without proper protections or dispute […]

Highlights: The Australian Senate has supported a crypto bill that would require digital asset platforms to obtain a financial services license to operate. Industry groups support clearer rules but warn that some definitions may affect wallet and infrastructure providers. The […]

Highlights: Ripple has disclosed its intention to secure an Australian Financial Services License. The move aligns with the company’s expansion plan into the Asia-Pacific region.  Ripple said acquiring BC Payments Australia Pty Ltd will help accelerate its plans. San Francisco-based […]

Highlights: Gemini will exit the UK, EU, and Australia while cutting jobs to focus operations on the US market The exchange plans to shut services in several markets to reduce costs and focus operations on core regions. Gemini confirmed the […]

Highlights: Australia has fined BPS Financial after the court found years of unlicensed Qoin Wallet activity. The Federal Court noted that BPS misled users about approval and token use. ASIC has stepped up enforcement across crypto exchanges and market infrastructure […]

Highlights: ABIB has challenged ABC reporting and is seeking corrections to ensure accurate coverage of Bitcoin in Australia. Australian Bitcoin Group has filed the complaint as media accuracy concerns increase in the growing crypto sector. The new policy reforms will […]

Highlights: Australia has moved to tighten rules for crypto platforms and set clear duties for firms that hold digital assets. The crypto custody bill sets new license paths for exchanges and custody firms. The new rules will guide asset handling […]