Aussies Can Now Use BTC as Collateral for Home Deposits
Australian fintech startup Block Earner has launched what it calls the first bitcoin-backed home loan, allowing Australians to use their bitcoin ( BTC) as collateral for a home deposit without…
Auto Added by WPeMatico
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…
Tasmania Hit by Spate of Crypto ATM-Related Scams
Over a dozen residents in Tasmania have been defrauded of approximately $1.64 million through scams involving cryptocurrency ATMs, with one victim losing over $493,000. Scammers Exploit ATMs Amidst Rapid Expansion…
AUDC Deploys AUDD Stablecoin on Hedera, Expanding Multi-Chain Footprint
AUDC Pty Ltd has officially launched its Australian Digital Dollar (AUDD) on the Hedera Network. This milestone is also the first commercial use of the Hedera Stablecoin Studio. With this…
$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…
Crypto ATM Use by Seniors Raises Red Flags—AUSTRAC Tightens Rules
Australia’s financial intelligence agency, AUSTRAC, is tightening regulations on crypto ATMs due to concerns over scams and fraud. New restrictions include cash deposit and withdrawal limits as well as mandatory…
Australian Regulator Appeals Ruling on Block Earner Crypto Offering
An Australian regulator announced plans to seek special leave from the High Court to appeal a recent ruling that determined cryptocurrency firm Block Earner’s offering was not a financial product.…
Australian Police Seize Hacker’s Bitcoin, Mansion and Luxury Car
The Australian police recently seized 25 bitcoins, a luxury car, and a mansion in Beachmere from a man previously convicted of hacking an American gaming company. AFP Targets Illegal Profits…
AUSTRAC Fines Crypto Exchange Cointree for Reporting Failures
The Australian Transaction Reports and Analysis Centre has issued infringement notices totaling $75,120 to cryptocurrency exchange Cointree for failing to submit suspicious matter reports on time. Cointree Fined Despite Self-Reporting…
Finder Retreats From Crypto, Facilitates User Migration to Australian Exchange Swyftx
Aussie fintech firm Finder has partnered with Swyftx to facilitate the migration of its users to the latter’s crypto exchange platform. Users Must Consent to the Migration of Wallet Balances…