Regional crypto news across Oceania, covering Australia, New Zealand, and Pacific islands; regulation, exchanges, mining, startups, and Web3 adoption.
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.
Assad Jafri 3 min read 
Mastercard has developed a solution that allows tokenization of CBDCs on multiple blockchains and can control which wallets are allowed to receive the wrapped tokens.
ASIC said Bit Trade did not comply with the design and distribution obligations tied to its margin trading product.
Yuga said it will end support for OpenSea's marketplace contract, Seaport.
Financial watchdog ASIC clamps down on eToro over broad CFD target markets
Australian regulators have lately increased efforts to regulate the cryptocurrency industry.
NAB said it has introduced new measures aimed at better protecting its customers from scams.
The company originally discontinued its derivatives platform in April.
The Reserve Bank of New Zealand wants to wait for best practices of regulating crypto to emerge as other countries reign in the space.
