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“# Crypto founders top young Australian rich list ” The AFR’s list contains 87 of Australia’s richest entrepreneurs aged 40 and under, with each boasting a net worth greater than AUD 36 million ($26.9 million). The list is topped by Melanie Perkins and Cliff Obrecht, the co-founder and chief operating officer (COO) of popular graphic…
“# Aussie firm to launch $100M class action over dodgy QOIN token ” The issuer of a controversial cryptocurrency that can only be sold in batches of $125 daily on a single exchange is facing pushback from an Australian law firm. Queensland-based law firm Salerno Law plans to file a lawsuit accusing BPS Financial Limited…
“# Australian securities regulator issues guidelines for crypto ETPs ” The Australia Securities and Investments Commission (ASIC) has issued its response to public consultation on cryptocurrency exchange-traded products (ETPs) alongside fresh industry guidance. On Oct. 29, the regulator released a set of regulatory requirements for funds looking to offer crypto ETPs, including exchange-traded funds (ETFs) and…
“# Law Decoded: Post-ETF policy landscape and Novi fears, Oct. 18–25 ” The biggest regulatory story of the week, if not the year, has been the United States Security and Exchange Commission’s lack of opposition to the launch of the first-ever Bitcoin (BTC) exchange-traded funds, which took eight long years to materialize. While the first ETFs…
“# Australian Senators pushing for country to become the next crypto hub ” Top-down governmental responses to innovation have always been questioned by entrepreneurs. Right now in crypto land as institutional investment flows steadily in and decentralized finance (DeFi) use cases and products have continued to flourish over the past 18 months, many crypto companies…
“# Aussie senate committee proposes overhaul of crypto taxes, DAOs and exchange licenses ” The Senate Committee on Australia as a Technology and Financial Center (ATFC) has just tabled its third and final report in Parliament which has 12 far-reaching recommendations for the regulation of the digital asset and fintech industry down under. It proposes…
“# Aussie cyber spies to control critical infrastructure during ransomware attacks ” Australia’s top cyber spies are set to gain greater powers in the event of ransomware or other cyber attacks on critical infrastructure. The Australian Signals Directorate (ASD), a government agency in charge of cyber warfare and information security, would be able to take…
“# Report: Indonesia leads global surge in interest in crypto ” Amid the ongoing growth in cryptocurrency adoption worldwide, countries like Indonesia and Chile have seen a significant influx of public interest in cryptocurrencies like Bitcoin (BTC), according to new data. According to an Oct. 15 report by Australian blockchain education startup Coinformant, Indonesia has…
“# ANZ bank settles debanking case with Aussie Bitcoin trader ” Bitcoiner Allan Flynn has settled his first complaint with the Australia and New Zealand Banking Group (ANZ) over being unilaterally debanked in 2018 due to his occupation as a Digital Currency Exchange (DCE). The settlement comes 20 months after the Canberra resident first filed…
“# ASIC targets pump and dump Telegram groups ” The Australian Securities and Investments Commission (ASIC) is going after pump and dump groups on Telegram. On Monday an account under the name “ASIC” posted a message in the “ASX Pump Organization” on Telegram to warn around 300 members of the group that “we’re monitoring this…