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Almost one third of the population owns digital assets in Australia, so it’s hardly surprising that the country has installed over 400 new Bitcoin (BTC) ATMs in 2025. This brings the number of BTC ATM installations from 1,385 on January 1, 2025 to 1,821 as of June 3 as per data from CoinATMradar. The statistics solidify Australia’s position as the third-largest crypto ATM market in the world, behind only the United States and Canada. BTC ATM installations growth in Australia. Source: CoinATMRadar.com Crypto ATM regulations in Australia There’s been a lot of drama surrounding cryptocurrency ATMs in Australia, as  scams using the machines have resulted in losses amounting to AU$3.1 million (~US$2 million) over a 12-month period. Today, the Australian Transaction Reports and Analysis Centre (AUSTRAC) introduced new rules to prevent crypto ATM misuse, including a new AU$5,000 (~US$3,250) limit on cash transactions.  While the limits apply directly...

The NFT offering is part of a promotion celebrating the launch of Web3 marketplace Crypto Competitions. Australians may not ever see their nonfungible tokens (NFTs) take them “to the moon,” but they might be able to get to the next best place — the edge of space. Crypto Competitions, an Australia-based Web3 sweepstakes startup, has recently signed a partnership with stratospheric exploration company World View, offering its NFT holders a 1-in-7,000 chance to win a priority seat in a World View space flight in 2024. Speaking to Cointelegraph, Harls Cannard, managing director of Crypto Competitions, said the sweepstakes was a way to celebrate the launch of his Web3-powered marketplace, which uses NFTs and prizes as an incentive to join its discount rewards program. “Everyone in crypto talks about like, when are we going to get a Lambo, and when are we going to the moon?” Canard said he thought the space flight was a “great way to launch,” even if it wasn’t necessarily sending someone “...

The Australian financial regulator ASIC is suing the financial platform eToro due to the use of a high-risk leveraged derivative contract product, known as a CFD. ASIC started the legal proceeding against eToro. It alleges that the company breached design and distribution obligations and failed to act efficiently, honestly, and fairly.  CFDs allow users to create speculation related to changes in the value of an underlying asset, such as stock market indices, stocks, forex, and cryptocurrencies. You might also like: ASIC releases the top 10 ways to spot a crypto scam The regulator said that eToro didn’t do enough testing on the product before releasing it to retail investors. The financial regulator said: “eToro’s screening test was very difficult to fail and of no real use in excluding customers for whom the CFD product was not likely to be appropriate.” ASIC said that between October 5, 2021, and June 14, 2023, nearly 20,000 eToro users were...