Australia


Finance

Australian Crypto Gaming Firm Immutable Cuts Staff by 11%

The CEO blamed the layoffs on a need to maximise how long its cash reserves will last.

(Unsplash)

Policy

Australian Crypto Exchange Digital Surge Set to Come Back Online After Stakeholders Sign Recovery Plan

The exchange is expected to resume trading next week, a source said.

Parliament house, Canberra, Australia. (Unsplash)

Policy

Australia Releases Token Mapping Consultation Paper, Plans to Reveal Crypto Rule Framework in 2023

The move was announced in August by Prime Minister Anthony Albanese's new government .

Parliament house, Canberra, Australia. (Unsplash)

Policy

Australian Regulator Had Internally Raised Concerns on FTX

56 documents published by ASIC shows that the regulator was assessing some products offered by FTX in the country.

Parliament house, Canberra, Australia. (Unsplash)

Policy

Australian Crypto Exchange Digital Surge to Pay Back Creditors After Losing $33M on FTX

More than 22,000 of its customers have had their digital assets frozen since Nov. 16.

Brisbane (Shutterstock)

Finance

National Australia Bank Becomes Second Australian Bank to Build Stablecoin: Report

The stablecoin will launch on the Ethereum and Algorand blockchain.

The Sydney Opera House in Australia (Stanbalik/Pixabay)

Finance

Australian Crypto Exchange Swyftx, Share Trading Platform Superhero Abandon Merger Plan

The regulatory environment is not one in which mergers of traditional businesses and crypto-native companies can easily take place, one lawyer said.

Parliament house, Canberra, Australia. (Unsplash)

Policy

Australia Moves to Tighten Safety Around Crypto in 2023

Australia's Treasury has invited feedback for a consultation paper that will include a framework for regulating crypto service providers.

Parliament house, Canberra, Australia. (Unsplash)

Finance

Australian Crypto Exchange Swyftx Cuts 90 Jobs, Reducing Workforce by 35%

The exchange said that it doesn't have any direct exposure to FTX, although the job cuts are a result of the crypto downturn caused by FTX.

The Sydney Opera House in Australia (Stanbalik/Pixabay)

Policy

Australia's Markets Watchdog Sues Fintech Company Block Earner

The Australian Securities and Investments Commission said the company offered fixed-yield earning products that should be licensed, leaving consumers without important protections.

Parliament house, Canberra, Australia. (Unsplash)