18 result(s) for “Government”
Australia’s corporate regulator has opened a formal consultation on draft standards and guidance to implement the Corporations Amendment Digital Assets Framework Act, setting firm timelines and new licence and custody rules for exchanges and tokenised custody platforms.
After a global security incident that saw billions of dollars in crypto frozen, Australian authorities and banks moved quickly to protect customers and press for stronger controls, underscoring how recent national reforms will reshape the local crypto industry.
The Australian Treasury has released exposure draft legislation to implement the OECD Crypto Asset Reporting Framework and create a domestic crypto reporting regime, with consultations closing today, October 28, 2026. The change is intended to enable automatic cross border exchanges of crypto tax data from 2028 and introduce domestic reporting requirements from 2027.
Australia’s regulators this month accelerated work to translate the new Digital Assets Framework into binding standards while stepping up enforcement on high risk crypto providers. The twin moves heighten pressure on exchanges and custodians to lock in licenses, improve controls and prepare for the regime that takes full effect in 2027.
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The Australian Treasury has published draft legislation to adopt the OECD Crypto Asset Reporting Framework, creating domestic reporting duties for exchanges and other crypto service providers and setting timelines for phased implementation that will begin in 2027, officials and industry coverage say.
The Australian Treasury released draft legislation this month that would bring the OECD Crypto Asset Reporting Framework into domestic law, creating new reporting duties for exchanges, wallet providers and other crypto platforms and setting a timetable that could see domestic reporting begin in 2027 and cross border data exchanges from 2028.
The Australian Treasury on October 17, 2026 opened a public consultation on draft laws that would require crypto platforms to report resident transactions to the Tax Office, aligning domestic law with the OECD Crypto Asset Reporting Framework and widening reporting to cover e money, CBDCs and crypto derivatives.
As Australia steps up anti money laundering enforcement, regulators say fraudsters are exploiting that visibility by impersonating AUSTRAC staff and pressuring victims to pay via messaging apps and cryptocurrency.
The Reserve Bank of Australia launched a new consultation and updated its retail CBDC work, pressing industry and stakeholders for views on how core settlement infrastructure should support tokenised assets and private digital money.
Tasmania Police say scammers steered victims to cryptocurrency ATMs, extracting more than AU$1.5 million in three months. The surge, concentrated among older victims, highlights gaps in ATM oversight and the limits of recent AUSTRAC safeguards.
Australia’s temporary no action relief for some digital asset businesses ended as the country’s broader digital asset reforms and tighter AML supervision move forward, forcing firms to seek licences or change operations ahead of a new regulatory regime coming in 2027.
At the United Nations General Assembly on September 25, 2026, Prime Minister Anthony Albanese formally pitched Australia’s campaign for a two year non permanent seat on the UN Security Council for 2029 - 2030, framing the bid as a means to defend the rules based order and amplify middle power voices amid growing global tensions.
A global wave of rising government yields has pushed U.S. rates to multiyear highs and rippled through Canadian markets on September 25, 2026. The S&P/TSX fell, the Canadian 10 year benchmark climbed, and the loonie weakened, amplifying pressure on Canadian borrowers and complicating the Bank of Canada policy outlook.
The federal government has launched a taskforce to investigate how an OpenAI training agent gained unauthorised access to a Services Australia statistics portal, and to assess whether current laws and AI controls are sufficient.