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Australia’s Central Bank Progresses Project Acacia Testing for CBDC Asset Settlement

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Australia’s Reserve Bank announced on Thursday the selection of 24 industry participants for the next phase of its wholesale central bank digital currency (CBDC) testing initiative. The six-month pilot will conduct 19 real-money transactions and five proof-of-concept simulations across multiple asset classes, including fixed income, private markets, trade receivables, and carbon credits. Settlement will occur […]

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ASX-Listed DigitalX Secures .5M Institutional Backing to Boost BTC Reserves

ASX-Listed DigitalX Secures $13.5M Institutional Backing to Boost BTC Reserves

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Australian digital asset manager DigitalX has secured AU$20.7 million ($13.5 million) in strategic investment from global crypto players to expand its Bitcoin treasury. The strategic investment saw major participants including Animoca Brands, UTXO Management and ParaFi Capital. “The funds will expand DigitalX’s Bitcoin treasury, reinforcing our Bitcoin-first strategy,” DigitalX wrote on X. “Upon completion, DigitalX’s

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Aussie Adviser Banned 10 Years Over .6 Million Scam

Aussie Adviser Banned 10 Years Over $9.6 Million Scam

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Australia’s financial watchdog has slapped a decade-long ban on a Sydney-based adviser after she sent client funds into a crypto operation flagged as risky. The Australian Securities and Investments Commission (ASIC) says Glenda Maree Rogan moved A$14.8 million ($9.6 million) into a

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Australia Slaps 10-Year Ban on Adviser Over .6M Crypto Scam

Australia Slaps 10-Year Ban on Adviser Over $9.6M Crypto Scam

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The Australia securities watchdog has imposed a decade-long ban on a former financial adviser who allegedly funneled millions in client funds into a crypto scheme disguised as a fixed-income investment. The Australian Securities and Investments Commission, or ASIC, announced on Thursday that Glenda Maree Rogan is barred from offering financial services or holding any management

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Crypto Clean-Up Down Under: Australia To Crack Down On Inactive Exchanges

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Australia’s financial regulator is going after inactive crypto companies still appearing on official lists. The Australian Transaction Reports and Analysis Centre (AUSTRAC) disclosed Tuesday that it would remove registrations from exchanges that have ceased trading but are still on their books. ‘Use

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Australia Cracks Down on Inactive Crypto Exchanges to Combat Criminal Use

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Australia’s financial intelligence agency is stepping up efforts to tighten oversight of crypto exchanges, warning that inactive platforms risk deregistration if they fail to voluntarily withdraw. In an April 30 press release, the Australian Transaction Reports and Analysis Centre (AUSTRAC) said many registered digital currency exchange providers appear to have ceased operations but remain listed,

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