Australia Eyes New Crackdown on Crypto ATMs Amid Rising Scam Fears
Australia is moving to tighten its grip on the crypto industry, with new legislation that could give the country’s financial watchdog, AUSTRAC, sweeping powers to ban or restrict cryptocurrency ATMs deemed to pose high risks. The move comes as authorities raise alarm over the growing use of crypto ATMs in money laundering and scam operations […]
Australia May Lag as RBA Governor Rejects Crypto’s Financial Role
RBA Governor Michele Bullock dismissed crypto’s role in Australia’s economy, despite Bitcoin nearing $100,000 amid regulatory optimism in the U.S. Industry experts warn this stance could hinder Australia’s global financial competitiveness. Why RBA Governor Rejects Crypto Role Michele Bullock, the Governor of the Reserve Bank of Australia (RBA), recently issued a direct critique of cryptocurrency, […]
Crypto.com Acquires Fintek, Offers Equities Trading
Crypto.com has acquired Fintek Securities, an Australian brokerage and trading company, granting it access to provide traditional financial products, including equities and derivatives, to consumers in Australia. Fintek maintains an Australian Financial Services Licence and is subject to regulation by the Australian Securities and Investments Commission (ASIC). Vakul Talwar, the general manager of Australia at […]
Australian Police Use New Powers to Seize $142.6K in Crypto
Victoria Police’s first crypto seizure highlights a new legal framework that allows police to confiscate digital assets through search warrants. Victoria Police in Australia completed its first crypto asset seizure valued at $142,679 after recent legal updates granted law enforcement new authority over digital assets. In its 2023–2024 annual report published on Oct. 31, Victoria […]
US, UK, Australia to Sanction Evil Corp
The U.S., UK, and Australia have sanctioned members of Russia-based Evil Corp, a cybercrime syndicate responsible for over $100 million in theft via malware and ransomware. The United States, the United Kingdom, and Australia have jointly implemented sanctions against key members of Evil Corp, a cybercrime syndicate headquartered in Russia. This organization is purportedly accountable […]