Tag: crypto

Regulation finally coming for crypto exchanges

Posted on   |  by Joseph Brookes
Crypto exchanges and other digital asset platforms will be subject to existing Australian financial services laws, requiring them to provide efficient, honest and fair services while managing conflicts of...

ASIC suspends FTX financial services licence

Posted on   |  by Brandon How
Beleaguered cryptocurrency exchange FTX has had the financial services licence of its Australian subsidiary suspended by the corporate watchdog after the company filed for bankruptcy. While the suspension runs...

Ransomware bill reintroduced by Coalition

Posted on   |  by Brandon How
Shadow home affairs minister Karen Andrews has reintroduced the former government’s ransomware bill without significant alterations and criticised the Albanese government for a lack of action on cybersecurity reform....

‘Regulation is coming’: ASIC chair tells crypto ecosystem

Posted on   |  by Brandon How
The Australian Securities and Investments Commission must become a “digital savvy regulator” to tackle growing regulatory challenges including crypto assets and investment scams according to its chair Joseph Longo....

Work on ‘token mapping’ for crypto assets to begin

Posted on   |  by Brandon How
The federal Treasury will begin ‘token mapping‘ work this year to create a consistent taxonomy to inform how crypto assets and associated services should be regulated. Token mapping is...

Like the gig economy, crypto gaming can be deeply exploitative

Posted on   |  by Ben Egliston
Video games are increasingly incorporating blockchains, the decentralised databases that underpin cryptocurrencies, as well as NFTs and other “digital assets”. New games are emerging expressly to support blockchain technology,...

Consumer watchdog takes Meta to court over crypto ‘scams’

Posted on   |  by Joseph Brookes
Australia’s competition and consumer regulator is taking technology giant Meta to court over allegedly misleading cryptocurrency “scam” advertisements that ran on its platforms. The ads included images of high-profile...