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"The ongoing regulatory uncertainty around crypto-assets, combined with rising regulation-by-enforcement, does not encourage an environment where mergers of more traditional businesses and crypto-native companies can easily take place,” Adam Percy, Swyftx's general counsel, said in a WhatsApp message. Source
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Ridley Plummer, the tournament's Web3 head, said utility will include “access to a series of groundbreaking offerings, artwork, premium experiences and real events.” Holders of the collection’s first iteration won’t be left out of the action, and will be included in the festivities with the same utility as new holders. Original
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Financial product comparison website Finder.com is being sued by Australia’s financial services regulator for allegedly offering a cryptocurrency yield-bearing product without the required license.It’s the second local provider of a crypto yield product to be targeted by the regulator, following action against Block Earner in NovemberThe Australian Securities and Investments
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Australian Treasurer Jim Chalmers has revealed that the government will release a consultation paper in early 2023 as part of its token mapping initiative. The crypto sector has received greater attention from Australian regulatory and enforcement agencies since the FTX implosion, with the government emphasizing the importance of providing greater
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The potential benefits of a CBDC in the Australian context include its possibilities to enhance the country’s monetary and payment systems and support competition and efficiency in the payments system while reducing user costs.Australian central bank digital currency (CBDC) pilot has received over 140 use case proposals for members of
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The job cuts would equate to a reduction of almost 45% of Swyftx's workforce. Source
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The enterprise blockchain space, which doesn’t seem to experience the same bullish and bearish market cycles as public crypto, is now feeling a change in the broader economic climate, particularly in areas like shipping; this is one of the reasons TradeLens is closing shop, according to Lars Jensen, CEO of
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The Australian Securities Exchange (ASX) has cancelled its much-delayed blockchain replacement to its aged Clearing House Electronic Subregister System (CHESS). Source
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Blockchain Capital – which operated the ACX crypto exchange that collapsed last year – used customer deposits to fund another part of its business instead of keeping the money in reserve, according to a Sydney Morning Herald report on a court hearing that involved looking into the findings of the
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The Australian security regulator has suspended Sydney-based Asset manager Holon Investments from offering or distributing three crypto funds to retail investors for 21 days. Original Source
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