Kraken’s Fiat Margin Trading Restricted in Australia
Kraken adjusted by restricting fiat trading to wholesale investors while keeping cryptocurrency trading unchanged. The Federal Court of Australia came to the conclusion that while the margin extensions for fiat currency that Kraken provides are subject to regulatory scrutiny, the margin extensions for cryptocurrency are not subject to the same duties. In response, the cryptocurrency […]
Crypto ATMs Grow 17X in Australia Amid Fears Over Scammers
Over the past two years, the number of new crypto ATMs in Australia has increased 17 times. TRM Labs has warned about their potential for use in criminal activities. In the past two years, the number of new crypto ATMs in Australia has increased by 17 times, making it one of the fastest-growing markets for […]
Australians Lost $122M to Crypto Scams
The Australian Federal Police (AFP) noted that 60% of victims were under 50, contrary to the usual trend of older individuals being targeted. According to new research from the Australian Federal Police, Australians have lost a total of $122 million ($180 million AUD) in the past year due to fraudulent cryptocurrency schemes. The majority of […]
WonderFi Expands Operations To Australia
WonderFi joined the Blockchain Futurist Conference in Canada to deliberate on the company’s recent expansion announcement into Australia. In 2023, the crypto firm merged with Coinsmart and Coinsquare, ensuring that $1 billion in assets were under management during the same year.At the Blockchain Futurist Conference in Canada this year, Dean Skurka, president and CEO of […]
Australia Calls for Stricter Regulations Amid Rising Crypto Crimes
AUSTRAC reports a rise in crypto-related money laundering and calls for stricter regulations. In its most recent report on money laundering, the Australian Transaction Reports and Analysis Centre (AUSTRAC), a financial intelligence government agency, disclosed an elevated level of criminal utilization of cryptocurrencies and associated services. The 2024 AUSTRAC Money Laundering National Risk Assessment provided […]