Australia
Australian Senator Proposes Crypto Bill Targeting China's Digital Yuan
The proposal lays out disclosure requirements for banks that could make China's central bank digital currency available for use in Australia, and seeks to set up licensing frameworks for stablecoin issuers.
Blockchain Australia Lands Former BlackRock Director as New CEO
Laura Mercurio also worked with Merrill Lynch and Deutsche Bank.
Australian Federal Police Forms Cryptocurrency Unit to Tackle Money Laundering, Offshoring: Report
The unit was set up after the force's criminal asset confiscation command had seized more than $600 million from the proceeds of crime since its inception in February 2020.
Australian CBDC Research Project Could Provide Crypto Clarity, Legal Expert Says
Michael Bacina, partner at law firm Piper Alderman, joined CoinDesk TV's "First Mover" to discuss why the country is the prime location to test asset digitization.
Legal Expert: Australia 'Punches Above Our Weight' When it Comes to Crypto
Twenty-five prominent institutions in Australia have come together to start a research program to explore digital asset opportunities. Michael Bacina, partner at law firm Piper Alderman, explains why the country is the prime location to test asset digitization.
Australia Starts Research Program to Explore Digital Asset Opportunities
The Digital Finance Cooperative Research Center is a $124.3 million program funded by industry partners, universities and the Australian Government – which is beginning a review of how cryptocurrency assets are managed. Piper Alderman Partner Michael Bacina discusses what this means for future adoption and regulation in Australia.
Crypto.com Wages Legal Battle After Accidentally Refunding User $10M Instead of $100
Exchange Crypto.com accidentally transferred an Australian woman $10 million instead of the $100 refund she requested last year, according to the Daily Mail. “The Hash” panel discusses the subsequent lawsuit and it means for future regulation.
Australia Starts Research Program to Explore Digital Asset Opportunities
The Assistant Treasurer and Minister for Financial Services Stephen Jones officially started the program Monday at the Australian Securities Exchange.
Tornado Cash Storm; Australia Plans Crypto Rules
Tornado Cash sanction brews up a storm. Uniswap blocks over 250 wallet addresses from frontend in sanction compliance. Could Australia’s "token mapping" plan be the way forward for crypto regulation? Celsius "withhold" account depositors lawyer up to seek claims. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Will Global Regulations Stifle the Crypto Industry or Encourage New Users?
Worldwide, financial regulators are working to expand their oversight without limiting innovation.
