#australia
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The Australian Securities and Investments Commission (ASIC) is set to significantly tighten regulations on the cryptocurrency market. Under a newly proposed framework, most companies working with digital assets will be required to obtain a financial services license. 
Since the start of 2023, the Australian financial regulator (ASIC) has closed over 7,300 fraudulent investment websites and schemes, including 615 cryptocurrency projects. Fake investments continue to be a major issue, with Australians losing over $1.3 billion to such scams in the past year. 
A study by SAS reveals that China is at the forefront of global AI implementation, with 83% of companies utilizing artificial intelligence. This is notably higher than the adoption rates in the UK (70%), the US (65%), and Australia (63%), with the global average at 53%. 
MFA and WhiteBIT's Chatbot Aids Over 3,000 Ukrainians
In June 2023, crypto exchange WhiteBIT and Ukraine’s Ministry of Foreign Affairs launched a joint chatbot initiative to support Ukrainians overseas. Within its first six months, the chatbot handled over 3,000 requests from Ukrainian citizens in 72 countries around the world, from Norway to Australia. 
Bendigo Bank, one of Australia's leading banks, has decided to limit high-risk crypto payments to protect its customers from potential scams.
As a result, Bendigo Bank has become the fourth major bank in Australia to implement such security measures. However, the precise criteria used to block transactions remain unknown. Australia gives enforcers authority to limit crypto ATM services
Australia’s Home Affairs Minister, Tony Burke, announced new legislation granting the country’s financial crimes agency AUSTRAC expanded powers to regulate or restrict the operation of crypto ATMs. The law, introduced on Thursday, allows AUSTRAC to limit or ban financial products and services deemed high-risk for money laundering or fraud. 
Fintech company Imperium Markets has called on the Australian government to accelerate the tokenization of debt instruments to stay competitive in today’s market. The company has long been working with the government on a pilot project employing distributed ledger technology for tokenization. 
