ASIC Triumphs in Block Earner Penalty Battle
Australia’s High Court rules 7-0 that @BlockEarner’s crypto yield product was illegal, reinforcing ASIC’s stance on technology-neutral financial laws. Lower courts to decide on penalties.
Australia & Oceania
Crypto Shift Finder Moves to Swyftx
@Finder has partnered with @Swyftx to migrate users to Swyftx’s crypto exchange platform, requiring user consent for wallet balance transfers. #Update #Crypto (+3) ↗
Crypto Exchanges Warning AUSTRAC Issues Alert
AUSTRAC is urging inactive digital asset exchanges to withdraw registrations or face cancellation, targeting a significant portion of 427 registered exchanges to prevent criminal exploitation. #Breaking #Legal (+9) ↗
Crypto ATM Crackdown Australia Tightens Regulations
AUSTRAC, Australia’s financial watchdog, warns some crypto ATM providers lack adequate AML/CTF measures, raising compliance concerns. #Update #Legal #Crypto (-4) ↘
Crypto Revolution: Australia Aims for Leadership
The Australian Treasury collaborates with the digital asset industry to establish regulations, aiming to position Australia as a global crypto leader. #Update #Crypto (+6) ↗
Crypto: Swyftx Acquires Easy Crypto
@Swyftx has acquired New Zealand’s Easy Crypto, forming the second-largest cryptocurrency exchange in Australasia, marking a significant expansion in the region. #Update #Crypto (+6) ↗