In a formal complaint to Australia’s parliament, cryptocurrency exchange Coinbase has launched a stark accusation against the nation’s banking establishment, alleging that the systematic denial of financial services to crypto and fintech firms has become “standard protocol.” The Nasdaq-listed company warns that this practice, which it claims affected up to 60% of fintech businesses in 2021, has evolved from an anomaly into a systemic threat to competition and public trust. With new licensing laws looming, Coinbase is urgently calling for the implementation of long-stalled transparency measures to curb what it describes as an “unlawful regulatory ban” on legitimate sectors of the economy.
about Coinbase Accuses Australian Banks of Systemic Debanking of Crypto FirmsAustralian Dollar
0 posts last weekASIC Cracks Down on Private Credit Funds, Banks
Australia’s corporate regulator is escalating its crackdown on private credit funds that fail to safeguard investors, with the Australian Securities & Investment Commission warning of more aggressive legal action against poor practices in the A$200 billion industry. Deputy Chair Sarah Court will announce enhanced enforcement targeting private credit misconduct as part of ASIC’s 2026 priorities, while the watchdog simultaneously expands its focus to misleading pricing by banks, insurance companies, and pension fund trustees.
about ASIC Cracks Down on Private Credit Funds, BanksOperation Ironside Nets $37.9M Crypto in Global Crime Sting
Australian authorities have unleashed a new wave of criminal charges in Operation Ironside, filing approximately 800 counts related to drug trafficking, firearms, and conspiracy offenses while seizing nearly $38 million in cryptocurrency. The global investigation, a collaboration between the Australian Federal Police and FBI, leveraged an encrypted messaging platform secretly controlled by law enforcement to infiltrate organized crime networks. This latest enforcement action follows a critical High Court ruling that validated the use of intercepted communications as evidence, paving the way for what authorities describe as a significant breakthrough in combating sophisticated criminal operations.
about Operation Ironside Nets $37.9M Crypto in Global Crime StingAustralian Police Crack $5.9M Crypto Wallet in ‘Miraculous’ Decryption
In a landmark achievement for digital law enforcement, the Australian Federal Police have successfully decrypted a cryptocurrency wallet containing $5.9 million after a data scientist cracked a complex numerical code. The breakthrough came during an investigation into an alleged criminal who stored digital assets using sophisticated encryption methods, with AFP Commissioner Krissy Barrett hailing the decryption as ‘miraculous work’ by their internal ‘crypto safe cracker.’
about Australian Police Crack $5.9M Crypto Wallet in 'Miraculous' DecryptionASIC Expands Digital Asset Rules in Major Crypto Guidance Update
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.
about ASIC Expands Digital Asset Rules in Major Crypto Guidance UpdateAustralian 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.
about Australian Crypto Trust Falls Despite Regulatory PushGemini 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.
about Gemini Expands Crypto Services in AustraliaAustralia 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.
about Australia Proposes New Crypto Exchange Licensing RulesAustralia 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.
about Australia Proposes Crypto Exchange Licensing RulesAustralia 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.
about Australia Proposes Crypto Platform RegulationsSwyftx 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.
about Swyftx Review: Australia's Low-Fee Crypto ExchangeASIC 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.
about ASIC Grants Class Relief for Stablecoin Intermediaries