Meta pleads the court to allow documents alleging it profited off 'crypto' investment ads that turned out to be scams to remain confidential, which the Federal Court of Australia finds 'strange.'
Introduced by Senator Andrew Bragg, the Digital Assets (Market Regulation) Bill 2022 requires disclosures from Australian companies dealing in digital yuan.
Taking notes on the mess that hit El Salvador in 2021, Australia decided against taxing digital assets as foreign currency while working on providing clarity on the definition of virtual currencies.
The Australian Federal Police say that digital asset-related crimes have increased significantly since the force’s first BTC seizure in 2016, which netted 2,000% returns.
The Reserve Bank of Australia is looking to press ahead with its CBDC adoption plan; however, it is eyeing to limit it to wholesale transactions as it further studies use cases of digital assets.
Australia enhances its consumer protection regulation by introducing a four-year "Corporate Plan" to counter the threats of rising innovations, including the risks of investing in digital assets.
Australia’s primary regulator of online sports betting is asking local operators to help craft rules for wagering with blockchain-based digital assets.
After taking over the government in May, Prime Minister Albanese wants to take a keen look at Bitcoin regulations, with Treasurer Chalmers pledging comprehensive token mapping.
Australia is seeking to regulate its digital assets market through token mapping in a bid to protect consumers and reduce risks—a move planned to be overseen by the Treasury Department.
The Australian regulator surveyed 1,053 retail investors, and up to 44% noted having investments in digital currencies, which spells the growing interest in digital currencies amongst the populace.
The Reserve Bank of Australia said the project would essentially evaluate the economic benefits and risks of launching a central bank digital currency in the country.