Australia
Australia's new framework puts exchanges and custody providers under financial services law, naming ASIC as the primary regulator. The move aims to boost consumer protections and regulatory certainty for crypto firms and investors.
KuCoin has received AUSTRAC approval and is rolling out fiat on-ramps for Australian users, enabling local deposits via bank transfers and card payments through partner rails. The move marks a notable step in the exchange's regional compliance and user-access strategy.
Grayscale is preparing to launch an XRP spot ETF, signaling renewed institutional interest in the token, while Australia’s Canary XRP ETF has recorded fresh inflows and a rise in trading activity.
ASIC is expanding its oversight of digital assets by introducing formal licensing for exchanges, custodians, and stablecoin issuers, aiming to protect Australian investors and clarify regulatory requirements under the Corporations Act 2001. This includes higher custody standards and a transitional period for compliance.
AUSTRAC is enhancing oversight and cooperation with Australian crypto ATM providers and law enforcement to ensure compliance and security in the crypto space.
A recent study by AUSTRAC involving 90 active crypto ATM users in Australia found that 85% actively use these machines, highlighting significant engagement and the need for enhanced regulatory compliance. Discover how platforms like Bitlet.app are innovating crypto purchasing with installment plans to enhance accessibility and transparency.
AUSTRAC is ramping up regulations targeting cryptocurrency ATM providers to enhance compliance and security within the Australian crypto market. This move aims to protect users and ensure transparency in transactions across these platforms.
Gemini has officially registered with AUSTRAC, enhancing crypto trading facilities for Australian users through its local entity Gemini Intergalactic Australia Pty Ltd. With a strong commitment to compliance and leadership under James Logan, Gemini aims to grow Australia's vibrant crypto market, currently boasting a 22% adoption rate.