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Graph showing decline of fintech firms in Australia 2024
Australia

Australian Fintech Sector Sees Decline as Blockchain Firms Suffer Most

A recent KPMG study revealed that over 7% of Australian fintech companies have ceased operations in 2024, with blockchain and cryptocurrency firms facing the toughest challenges. The number of inde...

AUSTRACAUSTRAC establishes task force against non-compliant crypto ATM providers in Australia.

Australia Cracks Down on Non-Compliant Crypto ATM Providers

Australia's AUSTRAC has launched a task force targeting non-compliant cryptocurrency ATM providers to combat money laundering and fraud. This initiative underscores the need for regulatory complian...

AUSTRACRegulation of cryptocurrency ATMs in Australia with a task force initiative.

Australia Forms Task Force to Regulate Cryptocurrency ATMs

Australia has established a task force to enhance the regulation of cryptocurrency ATMs. This initiative aims to ensure compliance with standards to prevent scams, fraud, or criminal use. DCEs must...

AustraliaAustralia's consultation on Crypto Asset Reporting Standards for enhanced tax compliance.

Australia Seeks Feedback on International Crypto Asset Reporting Standards

Australia is consulting on the OECD's Crypto Asset Reporting Framework (CARF) to enhance tax information exchange for crypto assets. Stakeholders can give input on potential integration into local ...

AustraliaMonochrome Bitcoin ETF logo showcasing 143 BTC holdings

Monochrome Bitcoin ETF Holdings Surge to 143 BTC as of September 2023

As of September 27, 2023, the Monochrome Bitcoin ETF in Australia has reported holdings of 143 BTC, with approximately $13.67 million in assets under management. Learn more about this significant m...

ASIC RegulationAustralia's crypto regulation concerns discussed during summit with ASIC officials.

Australia's Crypto Industry Faces Regulatory Uncertainty and Potential Exodus

Australia's crypto industry is facing uncertainty due to ASIC's classification of many crypto assets as financial products. This could lead to increased regulation and businesses considering reloca...