Australia

Crypto / Digital Assets

Thailand Threatens to Ban Facebook Over Fraudulent Crypto Ads

By Mark Johnston | 24/08/2023

Thailand has threatened to ban Facebook if it does not stop allowing fraudulent crypto ads on its platform.

ESG / Sustainability

RBNZ Releases Results of Second Climate Risk Survey

By Sanday Chongo Kabange | 24/08/2023

Just over half of the entities have not yet undertaken climate-related scenario analysis, though all plan to do so in the next 12 months.

ESG / Sustainability

New Zealand to Enhance ETS Market Governance Framework

By Mark Johnston | 22/08/2023

The government has agreed to two proposals to improve market governance for the New Zealand Emissions Trading Scheme.

Crypto / Digital Assets

New Zealand: Collapsed Crypto Firm Reported to FMA, SFO

By Sanday Chongo Kabange | 22/08/2023

Grant Thornton has contacted regulators about a NZ$6.3 million shortfall between reported user holdings and the digital assets held by collapsed crypto firm Dasset.

Crypto / Digital Assets

NZ Parliamentary Report Warns Against Overregulating Digital Assets

By Manesh Samtani | 21/08/2023

New Zealand does not need to urgently design and implement an integrated regulatory framework for digital assets at this time, the report says.

Crypto / Digital Assets

Australia Sentences Crypto Lender for Falsely Claiming it Had Credit Licence

By Sanday Chongo Kabange | 20/08/2023

Helio Lending entered into a A$15,000 good behaviour recognisance bond for a period of 12 months.

Fintech / Regtech

ASX Issues Response Plan to Ensure Delivery of CHESS Replacement

By Editors | 18/08/2023

ASX confirms its intention to have implemented all 45 recommendations from an external review by June 2024.

Enforcement

RBA Drops Plan to Ban Default Routing on Debit Cards

By Ranamita Chakraborty | 18/08/2023

A recent public consultation raised concerns that the ban could lead to unsuccessful transactions and necessitate the expensive reissuing of all debit cards.

Enforcement

ATO Has Stopped A$2.7b in Fraudulent GST Claims

By Editors | 17/08/2023

Fraudulent GST claims have led to more than 100 arrests, 10 convictions, and compliance actions taken against as many as 56,000 people.