Binance CEO departs after guilty plea over money laundering as US authorities belt the crypto exchange with a $6.6bn fine

- November 22, 2023 3 MIN READ

Binance CEO Changpeng “CZ” Zhao has resigned from the cryptocurrency exchange he founder as past part of a guilty plea deal with US authorities over money laundering and US sanctions violations, that involved funded terrorist groups such as Hamas. Zhao was hit with a US$50 million fine while his company will pay US$4.3 billion (A$6.6bn)… Read more »

Andrew Bragg

After 15 months in power, federal Labor continues to hasten slowly on regulating cryptocurrency

- September 5, 2023 4 MIN READ

Regulation of Australia’s cryptocurrency sector remains a distant possibility, despite a catastrophic 12 months for the industry, after a government-dominated committee preferred to kick the can further down the road rather than embrace a private senator’s bill on the issue from opposition senator Andrew Bragg. The Senate Economics Legislative Committee, chaired by Labor’s Jess Walsh,… Read more »

dogecoin, cryptocurrency

The Australian government is looking closely at how to regulate cryptocurrencies

- September 1, 2021 4 MIN READ

The government is looking closely at regulations affecting cryptocurrency as it considers how to handle digital assets and encourage innovation in the broader blockchain ecosystem. Chair of the Select Committee on Australia as a Technology and Financial Centre, Senator Andrew Bragg, said the government recognises cryptocurrency is an “area of full of opportunity and full… Read more »