Australia News

Australian authorities busted a $123-million crypto fraud. The scheme used seemingly legit businesses for crypto money laundering.

One of the victims identified in the police operation said she carried around $13,000 in cash at one point to send Bitcoin to scammers via crypto ATMs.

Australia now taxes crypto as property, with capital gains on swaps, DeFi and wrapped tokens, plus new ATO data sweeps targeting 1.2 million users.

Amazon is investing over $13 billion in expanding AI and cloud infrastructure in Australia, including new solar farms and data centers nationwide.

Australia’s financial regulator alleges Glenda Maree Rogan told clients they were investing in a high-yield fixed-interest account but sent their funds to a crypto exchange listed as a scam.

A multi-agency investigation traced illicit funds to a suspected $123 million crypto laundering operation hiding behind a security company.

Australian Federal Police say scam losses via crypto ATMs surpassed 3.1 million Australian dollars ($2 million) in a 12-month period, which “may be just the tip of the iceberg.”

Australia’s markets regulator has started legal proceedings against the former director of Blockchain Global, Allan Guo, over his dealings with the collapsed ACX Exchange.

Australian Senator Gerard Rennick criticized Bitcoin, saying, "You can't eat Bitcoin." A Bitcoiner replied, asking if he feels the same about the internet.

A Block Earner spokesperson told Coinpectra that ASIC's case against the firm has escalated to a “broader legal question” around the definition of a financial product.

A judge’s ruling in a criminal case may pave the way for $640 million in tax refunds, challenging the Australian Tax Office’s long-held stance on crypto taxation.

The Australian Federal Police said it seized nearly 25 Bitcoin, a waterfront mansion and a Mercedes-Benz car it claimed could be tied to a 2013 crypto exchange hack.

Authorities in New Zealand arrested 13 people in a $265 million crypto fraud probe, with one Wellington man indicted under US racketeering laws.

Jason Titman, CEO of Swyftx, told Coinpectra that Andrew Charlton has a deep understanding of blockchain, coupled with a genuine belief in its potential to support the Australian economy.

The crypto industry has called on Australia’s reelected government to make good on its promises and prioritize crypto legislation early in its new term.