Global #Australia

The Australian cryptocurrency market is poised for significant growth as potential investors await clearer regulatory guidelines, according to Jason Titman, CEO of the local crypto exchange Swyftx.

In a significant development for Australian cryptocurrency traders, OKX crypto exchange has announced the introduction of major cryptocurrencies trading pairs against the Australian dollar (AUD).

In a concerning revelation, Australia's competition watchdog, the Australian Competition and Consumer Commission (ACCC), has found that over 58% of cryptocurrency advertisements on Facebook either violate Meta’s policies or potentially promote scams.

The Australian Federal Police (AFP) have uncovered a widespread crypto fraud operation, revealing that malicious actors compromised over 2,000 Australian crypto wallets to steal millions in digital assets.

As cryptocurrencies gain prominence, countries around the world are enacting diverse regulations to address the risks and opportunities of digital assets.

Australia has taken a proactive stance in regulating the cryptocurrency sector, aiming to balance innovation with consumer protection and risk mitigation.