Two Australian Crypto-related ETFs underperform in 2022
ETFs tracking crypto companies have recorded that two worst-performing crypto exchange-traded funds (ETFs) in Australia for the year 2022 are tied to cryptocurrencies, and a similar pattern can be seen in the US. BetaShares Crypto Innovators ETF (CRYP) and Cosmos Global Digital Miners Access ETF (DIGA) have delivered negative returns to Australian investors year to […]
Superhero merges with Australian crypto exchange Swyftx
As a result of the crypto market situation and regulatory scrutiny, Australian cryptocurrency exchange Swyft has merged with online investment platform Superhero. The $1.5 billion merger of online investment platform Superhero with the Australian cryptocurrency exchange Swyftx was postponed because more authorities are looking at the cryptocurrency market as the FTX fiasco unfolds. Superhero made […]
Australia to release ‘token mapping’ consultation paper in 2023
The Australian government will publish a consultation paper in early 2023 as part of its token mapping exercise, the paper will give insight into how certain crypto assets should be regulated, and company licensing frameworks, amongst others. Since the collapse of FTX, Australian regulatory and enforcement authorities have focused more on the crypto industry, and […]
Stablecoin framework is near-term priority for Australian regulators
As stablecoin become widely used as a means of payment, Australia is preparing to regulate them accordingly. Payment stablecoin could be incorporated into the framework for regulating stored-value facilities, according to Australian financial regulators who are “working on options”. Such inclusion would be a component of more extensive changes to the nation’s regulatory structure for […]
ASX scraps blockchain plans, leaving $170m hole
The blockchain-backed upgrade, in the works for nearly five years has potentially cost Australia’s primary exchange, ASX over $170 million. The Australian Securities Exchange (ASX) has just canceled its long-promised plans to use blockchain to update its clearing and settlements system. In a Nov. 17 statement, ASX announced it had paused all current activities of […]