Australia
Why Jack Dorsey thinks AI will replace middle managers
Block CEO Jack Dorsey argues that his company's decision to cut approximately 40% employees was not a cost reduction but a permanent restructuring to replace middle managers with AI. But current and former Block employees are pushing back, saying that roughly 95% of AI-generated code changes still require human modification. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Australia passes crypto regulation requiring exchanges to obtain financial services licenses
Exchanges and custody platforms must obtain financial services licenses within six months under the new framework.
Australian Senate panel backs crypto regulation framework
The Senate Economics Legislation Committee said the proposed legislation will modernize digital assets regulatory framework.
Australia could unlock A$24 billion in digital finance gains, is on track for just A$1 billion
An OKX-backed report estimates tokenization and digital finance could generate A$24 billion annually, with productivity gains hinging on reforms to licensing, sandboxes and financial market rules.
Australia's corporate regulator flags risks from rapid innovation in digital assets
The Australian Securities and Investments Commission has flagged digital assets and AI risks in its annual report.
Australia’s New Digital Assets Bill Seeks to Prevent Past Crypto Failures
The Australian government introduced digital assets legislation to modernize its financial system and safeguard consumers.
KuCoin Registers With Austrac to Operate in Australia, Adds Fiat On-Ramps
The registration comes as Australian regulators tighten scrutiny on offshore crypto platforms, with ASIC stating that many digital assets may require licensing to operate.
Australia's AUSTRAC Fines Cryptolink as Part of Crypto ATM Crackdown
AUSTRAC has fined Cryptolink 56,340 Australian dollars ($37,000) after identifying "weaknesses" in the company's AML/CTF compliance.
Australian Regulator Signals Broader Digital Asset Oversight Ahead of New Licensing Regime
ASIC said many digital assets are covered by existing financial laws as it readies the ground for impending digital asset platform legislation.
Australia's Government Proposes New Powers for AUSTRAC to Restrict Crypto ATMs
AUSTRAC said that the majority of high-value crypto ATM transactions were directly associated with scams or moving money to high-risk jurisdictions.
