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AUDC Deploys AUDD Stablecoin on Hedera, Expanding Multi-Chain Footprint

[Jun 23 5:30 AM] AUDC Pty Ltd has officially launched its Australian Digital Dollar (AUDD) on the Hedera Network. This milestone is also the first commercial use of the Hedera Stablecoin Studio. With this integration, AUDD users can send and receive stablecoin…

$124M Crypto Laundering Scheme Exposed in Australia—Authorities Charge Four

[Jun 12 7:30 AM] A long-running Australian multi-agency investigation has dismantled a sophisticated money laundering scheme in Queensland, charging four individuals and freezing $13.7 million. At the heart of the alleged operation was a security company that…

Crypto ATM Use by Seniors Raises Red Flags—AUSTRAC Tightens Rules

[Jun 7 11:30 AM] Australia’s financial intelligence agency, AUSTRAC, is tightening regulations on crypto ATMs due to concerns over scams and fraud. New restrictions include cash deposit and withdrawal limits as well as mandatory scam warnings. ATM Scammers Target…

Australian Regulator Appeals Ruling on Block Earner Crypto Offering

[May 22 8:30 PM] An Australian regulator announced plans to seek special leave from the High Court to appeal a recent ruling that determined cryptocurrency firm Block Earner’s offering was not a financial product. ASIC Seeks Definitive Ruling on What Constitutes a…

Australian Police Seize Hacker’s Bitcoin, Mansion and Luxury Car

[May 19 6:30 AM] The Australian police recently seized 25 bitcoins, a luxury car, and a mansion in Beachmere from a man previously convicted of hacking an American gaming company. AFP Targets Illegal Profits of Hacker The Australian Federal Police (AFP) recently…

AUSTRAC Fines Crypto Exchange Cointree for Reporting Failures

[May 18 4:30 AM] The Australian Transaction Reports and Analysis Centre has issued infringement notices totaling $75,120 to cryptocurrency exchange Cointree for failing to submit suspicious matter reports on time. Cointree Fined Despite Self-Reporting The…

Finder Retreats From Crypto, Facilitates User Migration to Australian Exchange Swyftx

[May 10 11:30 AM] Aussie fintech firm Finder has partnered with Swyftx to facilitate the migration of its users to the latter’s crypto exchange platform. Users Must Consent to the Migration of Wallet Balances Australian fintech company Finder has announced a…

Use It or Lose It’: AUSTRAC Warns Inactive Crypto Exchanges

[Apr 30 8:30 AM] AUSTRAC is cracking down on inactive digital asset exchanges, urging them to voluntarily withdraw their registrations or face forced cancellation to prevent criminal exploitation. Significant Proportion of 427 Registered Exchanges Inactive…

Australia Cracks Down on Crypto ATMs, Citing Inadequate AML and CTF Measures

[Apr 1 9:30 AM] AUSTRAC, Australia’s financial services watchdog, has raised concerns that some crypto ATM providers may lack adequate anti-money laundering and counter-terrorism measures. Task Force Identifies Worrying Trends The Australian financial services…

Australia Seeks to Position Itself as a Crypto Leader

[Mar 22 9:30 AM] The Australian Treasury is working with the digital asset industry to establish clear regulations, aiming to make Australia a global leader in the sector. Spurring Innovation vs. Protecting Users The Australian Treasury has announced that it is…

Binance Impersonation Scam Targets Australian Crypto Investors

[Mar 21 9:30 AM] Australian law enforcement, in partnership with Binance, has issued a warning about scammers impersonating Binance and targeting crypto investors. Fake Verification Codes Australian law enforcement has warned crypto investors to be cautious of…

Swyftx Acquires Easy Crypto, Forms Australasia’s Second-Largest Exchange

[Mar 20 11:30 AM] Australian cryptocurrency exchange Swyftx has acquired New Zealand’s Easy Crypto, aiming to create the second-largest crypto exchange in Australasia. Growing Trend Towards Mergers and Acquisitions The Australian cryptocurrency exchange Swyftx…