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Category Australia

British Trading Firm IG Group Acquires Aussie Crypto Exchange for $117M, Sets APAC Presence

British Trading Firm IG Group Acquires Aussie Crypto Exchange for $117M, Sets APAC Presence

IG will initially acquire 70% of Independent Reserve, with the option to buy the remaining 30% based on future performance. The post British Tradin...
IG Group Buys Majority Stake in Australian Crypto Exchange Independent Reserve for $72M

IG Group Buys Majority Stake in Australian Crypto Exchange Independent Reserve for $72M

The deal aims to strengthen IG’s position in the Asia-Pacific crypto market and complements its recent crypto rollouts in the U.K. and U.S., the fi...
Australia's Financial Watchdog Offers Exemptions to Stablecoin Intermediaries

Australia's Financial Watchdog Offers Exemptions to Stablecoin Intermediaries

The exemptions mean intermediaries do not require a a separate Australian financial services license to distribute licensed stablecoins.
Australia’s ASIC Grants Relief for Stablecoin Intermediaries, Eases AFS License Requirements

Australia’s ASIC Grants Relief for Stablecoin Intermediaries, Eases AFS License Requirements

Australia's ASIC granted class relief for intermediaries distributing stablecoins issued by licensed AFS providers, exempting them from separate li...
Australia releases new details on its social media ban for teens

Australia releases new details on its social media ban for teens

Australia’s government has released new details on how its upcoming law banning children under 16 from opening social media accounts will be enforc...