Australia Advances Bill Requiring Crypto Transaction Reporting
The proposed July 2027 start would bring crypto platforms into a system for sharing resident transaction data with tax authorities, adding cross-border compliance obligations.
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The proposed July 2027 start would bring crypto platforms into a system for sharing resident transaction data with tax authorities, adding cross-border compliance obligations.
The three proposed models could sharply widen the cost gap between exchanges using independent custodians and those holding customer assets themselves.
The framework would bring exchanges and custodians closer to traditional financial standards, with customer asset safeguards and trading transparency at its core.
The former Australian prime minister’s criticism puts leadership and security oversight at the center of scrutiny facing OpenAI.
The incident puts autonomous AI oversight under pressure as Australia investigates access beyond intended permissions and reviews new duties for developers.
Registration in Australia is revocable, not permanent. The 45-action sweep lands alongside the September 30 licensing push, with AUSTRAC actively using cancellation as a live enforcement tool.
The three-month extension is the final buffer: after Oct 1, firms without authorization lose ASIC's no-action shield and face civil or criminal penalties up to 10% of annual turnover.
Fines of up to 10% of annual turnover await crypto firms that miss ASIC's September 30 deadline, the first of several regulatory pinch points as Australia's digital assets framework takes effect in…
The order raises the compliance bar for Australia's cash-to-crypto sector, where AUSTRAC is tightening controls around money-laundering and terrorism-financing risks.
The A$54.6M penalty ask lands one day after France arrested Pavel Durov on terrorism-related charges, putting Telegram under simultaneous legal pressure across multiple jurisdictions.
The $38M case lands while Telegram's founder is already facing terrorism charges in Russia and a French investigation, stacking legal pressure on the platform crypto projects depend on for community…
The move extends travel-rule obligations to exchange off-ramps, a structural compliance cost that pulls Australia closer to the UK and EU model and reshapes how venues screen routine withdrawals.
The rule applies to every transfer, not just the FATF's $1,000 ceiling, putting Australia among the stricter FATF-aligned jurisdictions and forcing AUSTRAC-registered exchanges to overhaul…
Australia's High Court ruled unanimously 7-0 on Wednesday that Web3 Ventures Pty Ltd, operating as Block Earner, needed…
The new sender- and beneficiary-data requirement lands as Australia's AML/CTF framework finishes rolling out — and it's a preview of the friction every AU exchange is about to inherit.
Scrapping the 50% long-held asset CGT discount would tighten the tax on crypto gains and reframe the carry trade Australian investors have used since 1999.