Crypto ATM scams in Australia cause over AUD 3.1 million in losses
Over 150 unique scam reports filed with ReportCyber during the period. Average loss per victim exceeded AUD 20,000. Crypto ATMs in Australia surged from 40 in 2022 to over 1,800…
Australia fines Kraken operator $5 million for non-compliance
Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements. The Australian Securities and Investment Commission accused the crypto platform of offering a…
Crypto.com partners with Adelaide Oval to bring crypto payments to sports fans in Australia
Crypto.com and Adelaide Oval have integrated to enable the first ever crypto payments at an Australian stadium. Users will pay with crypto via Crypto.com Pay, with a AUD$10 cashback for…
Bit Trade, the Kraken subsidiary operating in Australia, sued by the ASIC
Bit Trade allegedly neglected to establish a target market determination before offering its margin trading product to Australian clients. Bit Trade first received notification of its non-compliance with these obligations…
Ripple expands Liquidity Hub to Brazil and Australia
Ripple’s Liquidity Hub has now expanded to Australia and Brazil, with users able to tap into the platform to manage their crypto liquidity. The Liquidity Hub also now supports USDT…
Binance Australia halts AUD fiat transfers amid third party provider issues
Binance Australia has halted all Australian Dollar deposits. Users can still buy and sell cryptocurrencies using credit or debit cards. Binance Australia is working towards finding an alternative payments provider.…
National Australia Bank creates stablecoin backed by Australian dollar
The Australian stablecoin will be called AUDN. It will be backed one-for-one by the Australian dollar. Users will be able to settle transactions using blockchain technology using the stablecoin. Despite…