AUSTRAC has recently launched two supervisory campaigns targeting virtual asset businesses as new AML/CTF reforms come into effect. One of these initiatives, the “ramps and rails” campaign, specifically targets over-the-counter crypto-to-cash operators. The other targets local digital currency exchange operators. This follows the transition from the “digital currency exchange” regime to the expanded “virtual asset service provider” (VASP) framework earlier this year. The VASP

The County Court of Victoria has delivered a significant ruling in Siegers v Nest Services Ltd & Ors [2026] VCC 15, confirming that orthodox civil procedure rules can be deployed to pursue cryptocurrency fraud, even where perpetrators are unidentified and exchanges are offshore. In a practical win for scam victims, the Court allowed preliminary discovery against multiple cryptocurrency exchanges to obtain information capable of identifying the controllers of wallets through

The Victorian Court of Appeal has endorsed the view that bitcoin (BTC) is a form of property and that its misappropriation is capable of being prosecuted as theft. The judgment follows an appellate decision of the Supreme Court of Tasmania’s recognising that Bitcoin is property but endorsing the view that it does not neatly fit within the existing categories of chose in action and chose in possession. Background In Connor Yeates (A Pseudonym) v the King [2025] VSCA 288 , the

Binance, the world's largest crypto exchange, is reportedly close to finalising an agreement with the US Department of Justice ( DOJ )...