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BitcoinBeginnerAustralia is tightening its grip on cryptocurrency ATMs in response to a surge in scams targeting older citizens. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has introduced an AU$ $5,000 (approximately US$3,250) limit on cash deposits and withdrawals at crypto ATMs. This move…
#altcoin#atm#australia
GeneralBeginnerThe Australian Securities and Investment Commission (ASIC) intends to seek permission from the High Court to appeal a recent court decision that favored the fintech business Block Earner. The lower court determined that Block Earner’s crypto-linked fixed-yield product is not classified as a…
#australia#court
BitcoinBeginnerAn Australian man from Queensland has had to give up nearly 25 Bitcoin, a luxury waterfront mansion, and a Mercedes-Benz after authorities linked the assets to suspected criminal activity. According to a statement released on May 18, the Australian Federal Police (AFP) — through its Criminal…
#australia#crime#crypto
GeneralBeginnerEuropean law enforcement arrested 17 individuals tied to what authorities are calling a “mafia crypto bank.” The group is accused of laundering over €21 million (around $23.5 million) in cryptocurrency for Middle Eastern and Chinese organised crime networks. According to a statement issued by…
#australia#banks#crime
GeneralBeginnerThe Australian Transaction Reports and Analysis Centre (AUSTRAC) has concluded a year-long “blitz” targeting non-compliance among remittance and digital currency exchange providers. This crackdown resulted in actions against 13 entities, with over 50 others still under investigation. AUSTRAC CEO…
#australia#crypto
BitcoinBeginnerAustralia’s financial intelligence agency, AUSTRAC, has announced the formation of a new task force to crack down on cryptocurrency ATM providers that may be facilitating money laundering and other illicit activities. This move highlights the growing concerns of regulators worldwide regarding the…
#altcoin#atm#australia
GeneralBeginnerThe future of the RMIT Blockchain Hub is uncertain, with claims circulating that it may be shut down. Professor Ellie Rennie, a member of the hub, took to X to announce its closure, citing no clear reason for the decision. However, Professor Jason Potts, the co-director of the hub, clarified that…
#australia
GeneralBeginnerKraken, a leading global cryptocurrency exchange, has recently announced the launch of a licensed broker offering specifically designed for Australian wholesale clients. This new service will provide eligible clients with access to a diverse range of crypto-based derivatives products, empowering…
#australia#crypto#defi
BitcoinBeginnerAustralian regulators are apparently working on a new regulation that would require Bitcoin exchanges to obtain financial services licenses. The Australian Financial Review (AFR) reported that licensing criteria for cryptocurrency exchanges in Australia are going to be expanded beyond those for…
#australia#crypto#law
GeneralBeginnerAustralian federal police have announced an investigation into a spate of crypto phishing scams that have impacted at least 2,000 Australian-owned crypto wallets. The investigation follows a Chainanalysis report named Operation Spincaster, which revealed that thousands of crypto wallets belonging…
#australia#crypto#scam
GeneralBeginnerThe Australian government has implemented a ban on using cryptocurrency and credit cards for online gambling platforms in a move to curb potential financial problems for gamblers. On June 11, The Canberra Times reported that Australia started banning the usage of digital currency and credit cards…
#australia#ban#crypto
