Crypto legislation in Australia could be dragged out past 2024 and beyond, with the government seemingly wanting to take its time in order to get a full picture of the industry — internal documents from the government have revealed. The documents, obtained by The Australian Financial Review under Freedom of Information laws, reportedly reveal that the government aims to release consultation papers in the second quarter of 2023, and will hold stakeholder roundtables on crypto licensing and custody in the third quarter. The industry has been waiting to see the next steps of the Australian Labor government's token mapping exercise, which was announced three months after it came into power last year, with submissions closed on Mar. 3. (Cointelegraph)

The Reserve Bank of Australia (RBA) has announced several projects that will develop use cases for the eAUD, the central bank digital currency (CBDC) of Australia, during its testing phase.

Australian Securities and Investments Commission (ASIC), is conducting a targeted review of Binance Australia's derivatives business, the regulator said on Friday.

Binance – the largest crypto exchange in the world by trading volume – announced that it closed derivate positions of some users, earlier today. The users affected by this move are solely based in Australia, and the Australian regulation influenced the action. In a notice put on Twitter, the crypto exchange stated that some users were incorrectly classified as “wholesale investors”.

Australian crypto gaming company Immutable is cutting 11% of its workforce, according to a report by The Sydney Morning Herald.

Binance is running two developments simultaneously, one as support for the Vite Network upgrade and another as the host of crypto events in critical regions like Australia.

Australian cryptocurrency exchange Digital Surge is set to come back online after stakeholders signed the recovery plan on Wednesday, according to documents seen by CoinDesk.

Sam Bankman-Fried (SBF) and other FTX executives were major US political donors. But they were also active internationally, with one related Australian entity making $27,540 in donations in the 2021-2022 cycle according to Annual Returns published by the Australian Electoral Commission (AEC).

Australian government published a Token Mapping Consultation Paper yesterday, demonstrating its commitment to enhancing the way its legal framework handles digital assets to protect consumers better and keep pace with technical advancements.

The Australian government released a token mapping consultation paper on Friday and has sought responses from stakeholders on it by March 3, 2023.