Kraken’s Australian Arm Loses Court Battle, Cites Regulatory Ambiguity
Key Insights Australia’s federal court ruled that Bit Trade, Kraken’s local operator, failed to comply with the Corporations Act by…
ASIC Battles Crypto Fraud: 615 Scam Sites Taken Down
Key Insights Australian regulator ASIC removed 615 cryptocurrency investment scams in the past year. ASIC has taken down over 7,300…
Bitcoin Leads, Memecoins Gain Traction Among Australian Crypto Traders: Kraken
Key Insights Bitcoin remains the most traded cryptocurrency in Australia, accounting for 27.07% of trading volume, slightly higher than the…
Australian ETF Market Soars to $199 Billion, ASX Reports 36% Growth
Key Insights ASX reports 36% growth in ETF funds under management, reaching $199 billion in the fiscal year ending June…
OKX Crypto Exchange Goes Live in Australia
Key Insights OKX has launched its crypto spot and derivatives trading platform in Australia under two locally regulated entities. Retail…
Australia’s Stock Exchange to List Spot Bitcoin ETFs by End of 2024: Report
Key Insights The Australian Securities Exchange is expected to list its first batch of spot bitcoin ETFs by the end…
Australia’s ASIC Cancels Financial Services License of Brava Capital
Key Insights Australia’s ASIC cancels financial services license of Sydney firm Brava Capital Brava, formerly known as Dayton Way…
eToro to Halt Crypto CFDs For Australians in February
Key Insights eToro will stop offering long non-leveraged crypto CFD products to Australian customers from February 19, 2024. Existing open…
Australia Unveils Crypto Regulation Proposal with 2024 Legislation Draft
Key Insights Australia plans to introduce comprehensive crypto regulation by 2024. Once enacted, crypto exchanges will have a year to…
Interactive Brokers Fined $538,000 for Negligence in Australia
Key Insights Interactive Brokers Australia fined AU$832,500 for negligence by ASIC. The penalty relates to the firm’s failure to identify…