5 result(s) for “banking”
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.
Australia’s corporate regulator on October 15 published a detailed consultation package to implement the country’s new digital assets framework. The proposals set out stricter custody, settlement and financial requirements for exchanges and custodians, and signal a higher bar for operators ahead of the April 2027 compliance date.
Australia’s financial intelligence agency on October 11, 2026 reinforced targeted supervision of virtual asset services and high risk payments, signaling tougher enforcement for crypto ATMs, over the counter dealers, and embedded onramp services as recent anti-money laundering rules take effect.
Federal regulators have begun stepping up enforcement against businesses that failed to meet new anti money laundering and digital asset licensing obligations, raising the stakes for exchanges, custodians and advisers operating in Australia.
Europe's MiCA framework has moved beyond its transitional phase, putting crypto exchanges and other service providers under a harmonised licensing regime while EU authorities review whether the landmark rules need to evolve with the market.