Regional crypto news across Oceania, covering Australia, New Zealand, and Pacific islands; regulation, exchanges, mining, startups, and Web3 adoption.
The ban reflects the country's tightening grip on financial crime.
Assistant Governor said that CBDCs in the form of tokenized bank deposits could provide a more secure and dependable means of conducting digital transactions.
Crypto exchanges holding more than $5 million in aggregate or exceeding $1,500 for any individual user will be mandated to obtain an Australian Financial Services License.
