Australia Crypto News

Westpac, one of Australia's big four banks, will block payments to crypto exchanges it deems as "high-risk" in order to reduce scam losses.

Several Binance subsidiaries are struggling to find new banking partners following increased regulatory scrutiny.

Binance abruptly closed the derivatives position for its Australian users in February, citing compliance with local laws.

OKX has continued its global expansion efforts with recent revelations that it wants to open an office in Australia.

Mastercard will reportedly power the card for Australian stablecoin firm Stables, as announced by Marqeta in a March 20 press release.

Binance said it has informed the impacted users and they would be fully compensated for their losses, according to its statement.

The Australian regulators issued 3 notices to FTX and was surveilling the exchange in the 8 months before it collapsed.

The impact of the FTX meltdown has outstripped the crypto ecosystem and leeched into the mainstream tech industry and beyond.

Digital Surge are set to repay customers with a balance of up to $250 AUD in full and balances above that 55% of their balance.

Crypto lobby groups in the country have argued against the broad classification of all crypto assets as financial products.

The stablecoin, AUDN, will focus on reducing settlement time, bringing down cost of international transfers, and carbon credits.

G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.

The number of Australians holding cryptocurrencies dropped by 3.2% in the last 12 months, says the latest Australian IRCI report. However, a large number of those surveyed called for more crypto regulation and consumer protection.

Iris Energy is underwater on its loans and currently unable to meet monthly payments due to tight mining margins.

Vitalik Buterin says ZKPs are necessary for Ethereum, Binance overshadows Huobi in derivatives trading, and more in this edition of CryptoSlate Wrapped Daily.

In the budget papers released on Oct. 25, the Australian government clarified that all cryptocurrency investors will be subject to a crypto gains tax on profits they made through selling or trading through a centralized exchange.

The Australian Securities and Investment Commission stated that the company made misled more than 79,000 individuals and entities issued with Qoin tokens about the token's utility.

ACX made withdrawals from a pool of funds collectively owned by customers and the company to fund business endeavors owned by Blockchain Group.