Tag: Australia
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Australia Imposes New Rules on Crypto ATMs
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As cryptocurrency adoption continues to grow across Australia, regulators are moving quickly to rein in one of the fastest-expanding segments of the industry, crypto ATMs. Once seen as a sign of mainstream acceptance, these cash-to-crypto machines are now under intense scrutiny following alarming reports of fraud, money laundering and organised crime links. New Restrictions on…
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Financial Adviser Banned for 10 Years Over $9.6M Crypto Scam in Australia
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Australia’s financial watchdog has handed down a decade-long ban to a financial adviser accused of misleading her clients and funnelling millions into a crypto scam. The case highlights growing concerns around crypto-related frauds and the nation’s efforts to tighten rules and improve consumer protection in the digital asset space. Adviser Accused of Crypto Scam The…
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Australia Unveils Comprehensive Crypto Regulation Plan
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Australia has announced a groundbreaking initiative to regulate and integrate digital assets into its economy. Inspired by successful models in the European Union and Singapore, the government aims to modernise its financial system through tokenisation, central bank digital currencies (CBDCs), and a robust licensing framework for crypto exchanges. Tokenisation and CBDCs Take Centre Stage In…