Coinbase has received an Australian Financial Services Licence allowing it to offer regulated retail derivatives. The approval gives the exchange an early regulatory advantage ahead of mandatory licensing rules for crypto providers.
Australia has unveiled a new regulatory framework aimed at platforms that hold user funds, signaling tighter oversight of custodial crypto services. The move is intended to boost consumer protections while reshaping how exchanges, custodians and lending platforms operate in the country.
Australia has ordered crypto exchanges and custody platforms to obtain financial services licenses within six months under a new regulatory framework. The change is intended to strengthen consumer protection and formalize oversight of digital-asset services.
A federal court ordered Binance's Australian derivatives arm to pay A$10 million after misclassifying more than 85% of its customers, the country's securities regulator said Friday. The penalty underscores heightened regulatory scrutiny of crypto onboarding and compliance.
One of Australia's largest super funds, roughly $105 billion in size, has started exploring cryptocurrency options for members, signaling growing institutional interest in digital assets within a A$4.5 trillion pension market. The move comes amid a national upswing in crypto adoption and investment appetite.
Ripple is applying for an Australian financial services license to strengthen its regulatory footing in the Asia‑Pacific and enable broader rollout of its blockchain payments network. The move could bolster XRP’s role in regional cross‑border settlements.
Ripple’s APAC head Fiona Murray says institutional demand in Australia supports the cost of pursuing an Australian Financial Services Licence, with the firm targeting April and exploring an acquisition route. The move is aimed at expanding institutional access and on‑ramp services in the region.
The U.S. Treasury alleges an Australian citizen sold cyber tools originally developed for the U.S. government and its allies to a Russian firm known as Operation Zero. The agency also flagged millions tied to crypto-related tools exploiting U.S. software, raising national security and sanctions concerns.
An Australian man has been charged after police linked the NEXOpayment portal to the suspected laundering of roughly $3.5 million stolen from 190 elderly investors.
Coinbase says Australian banks’ opaque handling of crypto-related account closures has created “a crisis of confidence” in the financial system. The exchange accuses the banks of effectively imposing an unlawful ban on crypto activity by cutting access without clear rationale.