Exchanges
Binance Australia can’t process Australian Dollar fiat deposits
Several Binance subsidiaries are struggling to find new banking partners following increased regulatory scrutiny.
Oluwapelumi Adejumo 2 min read
Australia News
Regulatory proposals, exchange oversight, mining, and institutional interest in Australia’s crypto sector.
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Exchanges
Binance cancels its Australian derivatives license
Binance abruptly closed the derivatives position for its Australian users in February, citing compliance with local laws.
Bankruptcy
OKX eyes Australia expansion as it returns bankrupt FTX’s $157M
OKX has continued its global expansion efforts with recent revelations that it wants to open an office in Australia.
Latest Australia Crypto News & Analysis
Stablecoins
Marqeta’s Mastercard will power Australian prepaid crypto card from Stables
Mastercard will reportedly power the card for Australian stablecoin firm Stables, as announced by Marqeta in a March 20 press release.
Exchanges
Binance closes Australian users derivatives position
Binance said it has informed the impacted users and they would be fully compensated for their losses, according to its statement.
Regulation
Australian regulators reported concern surrounding FTX – 8 months before its collapse
The Australian regulators issued 3 notices to FTX and was surveilling the exchange in the 8 months before it collapsed.
Bankruptcy
FTX creditors include Google, Meta, Circle, Genesis, govt. agencies
The impact of the FTX meltdown has outstripped the crypto ecosystem and leeched into the mainstream tech industry and beyond.
Exchanges
Digital Surge creditors agree to 5-year repayment plan following FTX exposure
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.
Regulation
Australian Finance Minister says crypto could be regulated as financial product
Crypto lobby groups in the country have argued against the broad classification of all crypto assets as financial products.
