Australia’s financial regulator has significantly updated its digital asset guidance, clarifying how existing financial services laws apply to cryptocurrencies and tokenized products. The revised framework introduces new custodial standards and expands classification examples while confirming that Australian law applies to offshore platforms serving local users.
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Australian Crypto Trust Falls Despite Regulatory Push
Australian crypto adoption remains stagnant despite the government’s ambitious regulatory reforms, with distrust in digital assets rising to 60%. The fifth annual Australian Crypto Survey reveals ownership has flatlined while regulatory uncertainty continues to deter new investors. Younger Australians and parents are driving what growth exists in the market.
read moreGemini Expands Crypto Services in Australia
US cryptocurrency exchange Gemini is establishing a formal Australian presence with a locally registered entity approved by the country’s financial intelligence agency AUSTRAC. This strategic expansion enables direct access to local payment systems and positions the exchange to capitalize on Australia’s substantial crypto adoption rate of 23-25%, representing significant growth potential amid ongoing regulatory consultations that could reshape the digital asset landscape.
read moreAustralia Proposes New Crypto Exchange Licensing Rules
Australia’s Treasury has unveiled draft legislation requiring cryptocurrency exchanges and digital asset platforms to obtain financial services licenses. The new rules would place crypto intermediaries under the same regulatory regime as traditional financial institutions. This move aims to strengthen consumer protections following significant losses from platform failures.
read moreAustralia Proposes Crypto Exchange Licensing Rules
In a landmark move for its digital asset sector, Australia’s Treasury has released draft legislation that would mandate financial services licenses for cryptocurrency exchanges and specific digital asset service providers. The proposal, which classifies digital asset platforms as financial products, aims to impose the same rigorous licensing and consumer protection standards that govern traditional finance, marking a pivotal shift in the country’s regulatory approach to crypto.
read moreAustralia Proposes Crypto Platform Regulations
Australia has taken a decisive step toward legitimizing its cryptocurrency industry with the release of draft legislation that would bring digital asset platforms under the umbrella of traditional financial services regulation. Announced by Assistant Treasurer Daniel Mulino at the Digital Economy Council of Australia’s Global Digital Asset Regulatory Summit, the proposed framework represents the cornerstone of the government’s digital asset roadmap and aims to balance consumer protection with industry innovation. The reforms would require crypto businesses to obtain Australian financial services licenses while specifically addressing emerging technologies like staking and wrapped tokens that have struggled to fit within existing regulatory structures.
read moreSwyftx Review: Australia’s Low-Fee Crypto Exchange
Since its operational launch in 2019, Swyftx has rapidly established itself as a dominant force in Australia’s cryptocurrency exchange landscape. Founded by Alex Harper and Angus Goldman, the Brisbane-based platform has distinguished itself through competitive fee structures, Australian dollar-denominated trading, and robust regulatory compliance. Catering to both novice and experienced traders, Swyftx combines user-friendly design with comprehensive features, positioning it as a top choice for digital asset investment down under.
read moreASIC Grants Class Relief for Stablecoin Intermediaries
Australia’s securities regulator has taken a pragmatic step to foster innovation in the digital assets sector by granting class relief to stablecoin intermediaries. The Australian Securities and Investments Commission (ASIC) has exempted these intermediaries from holding separate financial services licences when distributing stablecoins from licensed Australian providers. This temporary transitional measure aims to bridge regulatory friction while Treasury finalises its broader stablecoin regime, marking Australia’s first major move to resolve longstanding regulatory uncertainty in this rapidly evolving market.
read moreOKX Targets Australia’s $4T SMSF Market with Crypto Platform
Cryptocurrency exchange OKX is making a strategic push into Australia’s massive self-managed superannuation fund (SMSF) market with a dedicated platform designed specifically for retirement investors. Despite crypto representing less than 0.3% of SMSF assets currently, OKX CEO Kate Cooper emphasizes this move is about building serious infrastructure rather than chasing trends, targeting a retirement pool that controls nearly one-third of Australia’s $4 trillion pension system.
read moreAmazon Invests $13B in Australia’s AI & Cloud Expansion
Amazon has announced a massive $13.4 billion investment in Australia’s AI and cloud infrastructure by 2029, the largest such commitment by a global firm in the country. The funds will expand AWS data centers nationwide and support renewable energy projects like solar farms. This move strengthens Australia’s position in cloud computing and AI while boosting local tech infrastructure.
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