Catenaa, Sunday, December 08, 2024- The Australian Securities and Investments Commission (ASIC) is inviting feedback on proposed updates to its guidance for digital asset regulation, aiming to clarify how existing financial laws apply to the fast-evolving sector. The updated guidance details how entities offering digital asset-related financial services can secure an Australian Financial Services (AFS) […]
Catenaa, Thursday, December 19, 2024 – The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives, alleging that the platform misclassified over 500 retail clients as wholesale investors, stripping them of essential consumer protections. Between July 2022 and April 2023, Binance reportedly misclassified 83% of its Australian customer base, exposing […]
Catenaa, Wednesday, April 09, 2025-Australia securities watchdog, the Australian Securities and Investments Commission (ASIC), has successfully shut down 95 companies linked to fraudulent crypto investment and romance scams. The Federal Court approved the closure yesterday, April 8, 2025, after ASIC revealed that the firms were operating under false or misleading premises. Many of the companies […]
Catenaa, Thursday, April 03, 2025-The Reserve Bank of Australia (RBA) kept its benchmark interest rate steady at 4.1% on Tuesday, citing concerns over persistent inflation and global financial risks. The decision marks the seventh consecutive meeting without a rate change as the central bank monitors economic pressures. RBA Governor Michele Bullock highlighted geopolitical tensions, slowing […]
Catenaa, Monday, March 24, 2025-The Australia government on Thursday announced plans to establish a ‘fit for purpose’ digital asset framework aimed at fostering innovation while ensuring consumer protection. The Treasury released a paper Thursday detailing efforts to regulate digital asset platforms (DAPs) and stablecoins, with input from industry leaders, regulators, and the public. The initiative […]
Catenaa, Friday, April 04, 2025-Australia’s financial intelligence agency AUSTRAC has placed crypto ATM providers “on notice,” warning them over missing anti-money laundering (AML) checks and potential links to criminal activity. In a statement released Monday, AUSTRAC highlighted concerning trends in suspicious transactions, including those potentially tied to scams and fraud. The warning follows months of […]
Catenaa, Wednesday, April 16, 2025-Cryptocurrency exchange Coinbase is calling on Australians to vote in favor of digital asset reform in next month’s federal election, warning that the country risks losing its place in the global Web3 race due to unclear regulations and stifling policies. John O’Loghlen, Coinbase’s Asia-Pacific managing director, criticized Australia’s “vague and underdeveloped” […]
Catenaa, Tuesday, 17, 2024-Meta Platforms has agreed to a record AU$50 million settlement with Australia’s Information Commissioner, resolving a lawsuit over the Cambridge Analytica privacy scandal. The payment, announced Tuesday, marks the largest privacy-related settlement in Australia’s history. The case stems from allegations that Facebook user data, collected through the “This Is Your Digital Life” […]
Catenaa, Thursday, March 27, 2025-The US Securities and Exchange Commission (SEC) has dropped its investigation into Australian crypto firm Immutable, marking another shift in the agency’s evolving approach to digital assets. Immutable, which received a Wells Notice last October, announced Tuesday that the SEC had ended its probe into the company, the IMX Ecosystem Foundation, […]
Catenaa, Monday, February 24, 2025-Australia’s online safety regulator, the eSafety Commission, has fined messaging platform Telegram 1 million Australian dollars (about $640,000) for its delayed response to an inquiry regarding its measures to prevent the spread of child abuse material and extremist content. Telegram, which was asked to provide details on its efforts to combat […]
Catenaa, Wednesday, March 19, 2025-Tesla sales in Germany plummeted 76% in February as the electric vehicle maker faced backlash over CEO Elon Musk’s political ties and increasing competition in Europe’s biggest economy. According to the German Federal Motor Authority, Tesla sold just 1,429 vehicles last month despite a 31% rise in overall EV sales. Year-to-date, […]