Australia’s High Court unanimously ruled that Block Earner required a financial services licence, overturning a 2025 appeal decision.
The Federal Court fined Binance Australia Derivatives $6.9 million for misclassifying 524 retail clients as wholesale investors.
Under the legislation, crypto platforms and tokenized custody platforms would be treated similarly to other financial service providers.
Australian police have charged a 42-year-old man over his role in an alleged $3.5 million crypto scam targeting 190 elderly victims.
Australia’s Federal Court ordered BPS Financial to pay $14 million AUD after ASIC proved unlicensed and misleading conduct tied to Qoin Wallet.
Australia's Treasury submitted a new bill to parliament on Wednesday, seeking to require financial licenses for certain crypto platforms.
Under new guidance, companies would need to obtain a license to offer products such as stablecoins and wrapped tokens.
The draft legislation seeks to amend the Corporations Act 2001 to bring crypto service providers under the financial services licensing regime.
The Australian government has cracked down on online gambling by banning crypto and credit card use for online bets. The measure comes as an effort to reduce investors’ losses in the country. Related Reading: Solana-Based DePIN Project CEO Steps Down Ahead Of Token Launch Australian Gov’t Bans Use Of Crypto In Online Gambling On Monday, […]