Australia

Gemini Expands Operations in Australia with AUSTRAC Registration
Gemini's Australia arm is now registered with AUSTRAC.

Australia Looks to Bring Crypto Under Financial Services Framework With New Draft Legislation
Digital asset platforms (DAPs) and tokenized custody platforms (TCPs) will fall under the same bracket as other financial intermediaries.

IG Group Buys Majority Stake in Australian Crypto Exchange Independent Reserve for $72M
The deal aims to strengthen IG’s position in the Asia-Pacific crypto market and complements its recent crypto rollouts in the U.K. and U.S., the firm said.

Australia's Financial Watchdog Offers Exemptions to Stablecoin Intermediaries
The exemptions mean intermediaries do not require a a separate Australian financial services license to distribute licensed stablecoins.

Binance Australia Directed to Appoint External Auditor Over 'Serious Concerns'
Binance Australia has 28 days to nominate external auditors for AUSTRAC's consideration.

Australia's Central Bank to Explore Developing Wholesale Tokenized Asset Markets
Issuance of pilot wholesale CBDC for testing the use cases will take place on different blockchain platforms, such as Hedera and R3 Corda.

Australian Crypto Asset Manager DigitalX Secures Over $13M to Expand Bitcoin Holdings
The funds will be used to increase DigitalX’s bitcoin treasury, bringing its total bitcoin and digital holdings to over 95 million australian dollar.

Australian Fintech Eightcap Debuts CoinDesk20 CFD for Retail Traders
The CoinDesk 20 Index offers a weighted performance of the largest digital assets

Australia’s Securities Regulator to Probe ASX After Collapsed Blockchain Project
A panel of three experienced finance figures, led by Rob Whitfield, will conduct the inquiry and recommend fixes for any weaknesses found.

Australia Cracks Down on Crypto ATM Providers as Scammers Target the Elderly
Anti-money laundering regulator AUSTRAC obtained data showing that 72% of all crypto ATM transactions are carried out by people over the age of 50.

