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Australia Clears a Path for Stablecoin Distribution—No Extra Licenses Required

Australia’s corporate watchdog on Thursday unveiled a class exemption letting licensed intermediaries distribute stablecoins issued by Australian financial services (AFS) licensees without separate approvals. Class Relief Lets Crypto Brokers Distribute…

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Australian Crypto-Backed Loan Provider Secures $5.14 Million in Series A to Drive Global Expansion

Block Earner announced on August 18 that it has raised $5.14 million in a Series A funding round led by CMCC Global’s Titan Fund, with support from King River Capital.…

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Australian Digital Asset Firm Adopts ‘Collateral Mirroring’ for Institutional Crypto

An Australian digital asset investment firm, Jelly C, has joined a new “collateral mirroring” program, enabling lower-risk institutional crypto trading via the OKX exchange. This program uniquely allows Standard Chartered,…

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Nauru Appoints Australian Brian Phelps as CEO of New Virtual Asset Authority

Following the recent passage of legislation to regulate virtual assets, including cryptocurrency, Nauru’s government has appointed Australian banking and financial markets executive Brian Phelps as the inaugural CEO of the…

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$124M Crypto Laundering Scheme Exposed in Australia—Authorities Charge Four

A long-running Australian multi-agency investigation has dismantled a sophisticated money laundering scheme in Queensland, charging four individuals and freezing $13.7 million. At the heart of the alleged operation was a…

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