Self-managed super funds (SMSFs) are the only way that Aussies can invest in digital assets, but the ASIC is concerned that clueless investors in SMSFs are being taken advantage of.
Greg Dwyer has been charged alongside BitMEX founders Arthur Hayes, Ben Delo, and Samuel Reed, who have already surrendered to U.S. authorities and stand to face up to five years behind bars.
The Australian Treasury minister revealed that the government is working on new regulations for digital currencies and is looking into developing a central bank digital currency with the Reserve Bank.
A senior executive at the Reserve Bank of Australia tore into digital currencies in a recent speech, saying that CBDCs and regulated stablecoins will end them.
ASIC has obtained court orders to shut down A One Multi Services, which it claims engaged in fraud and cashed out some of the funds into digital currencies.
An Australian law firm accuses Qoin of conspiring to frustrate investors who attempted to trade their coin and lying over its acceptance at 35,000 merchant stores.
Senator Andrew Bragg says that almost everyone he meets from the industry wants regulations weeks after his Senate Committee proposed new incentives.
ASIC has introduced new licensing regulation to guide digital currency holders and companies seeking to issue tokens, offer investment products, and more.
A Senate committee focused on fintech has recommended a complete overhaul of the regulatory process in Australia for the digital currency industry.
The government of Australia has come up with a new plan to combat increasing ransomware attacks, including allowing seizure and freezing of digital currencies by authorities.
The reserve banks in each country have teamed up to trial a new platform for enabling cross-border transfers denominated in a central bank digital currency.