Key Takeaways The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives, alleging that the company misclassified over 500 retail investors as wholesale clients. The regulator stated that the misclassification denied the investors key consumer…
Key Takeaways Australia’s financial intelligence agency, AUSTRAC, has established a dedicated task force to address compliance issues in the country’s cryptocurrency ATM sector. The initiative aims to mitigate risks of money laundering and scams associated with digital assets, with AUSTRAC’s…
Key Takeaways The Australian Taxation Office (ATO) has clarified its position on the capital gains tax (CGT) treatment of decentralized finance (DeFi) and the wrapping of crypto tokens, emphasizing its commitment to taxing Australians on capital gains during the wrapping…
Key Takeaways The Australian Securities Exchange (ASX) recently approved its second spot Bitcoin ETF, launched by DigitalX. Trading under the ticker BTXX, the fund aims to mirror Bitcoin’s performance by maintaining long-term BTC holdings. BTXX started trading on July 12…
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