Australia

Australia’s largest stock exchange — the Australian Securities Exchange (ASX) — is expected to approve the country’s first spot Bitcoin exchange-traded funds (ETFs) later this year, Bloomberg has reported, citing people familiar with the matter. The surge in spot Bitcoin ETF applications follows the approvals in the United States. The 11 spot BTC funds in […]

In Australia Securities and Investments Commission (ASIC) is intensifying its scrutiny of the cryptocurrency market, issuing fresh warnings ahead of upcoming government regulations. ASIC has raised concerns about the risks associated with cryptocurrencies, labeling them as “created out of nothing.” Last year, ASIC Chair Joseph Longo cautioned investors against going all-in on cryptocurrencies due to […]

The regulator claimed that Bit Trade, the provider of Kraken in Australia, failed to ascertain its target market. They introduced its margin trading product to Australian customers without proper consideration. ASIC sues Bit Trade, Kraken’s operator in Australia, in a legal move involving the Australian Securities and Investments Commission. This action is due to their […]