New Australian legislation allows for the seizure of cryptocurrencies

Banks to record crypto transactions in Australia due to SVB crises

Australian lawmakers are taking a stronger approach against ransomware, as authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under the new legislation. Following a 60 percent increase in cyberattacks on Australian businesses and state agencies last year, the federal government announced new safeguards and a proposed Surveillance Legislation Amendment on Oct. […]