ANZ first bank to issue Australian dollar stablecoin
The ANZ Bank has minted the first-ever stablecoin that is pegged to the Australian dollar. This move by the bank is off the back of
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ACCC Welcomes Passage of Scams Prevention Framework Bill in Parliament
The Australian Competition and Consumer Commission (ACCC) has welcomed the passage of the Scams Prevention Framework Bill in Parliament, marking a significant milestone in the fight against scams. This world-first …
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March 18, 2025
Australia Becomes Participant to AI Action Summit
Australia, alongside 100 other countries, international organisations, civil society, and private sector leaders, has now become a signatory to the AI Action Summit convened in Paris. The Summit sought to …
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March 18, 2025
Australia’s Cyber Security Act Bolsters Digital Protection Nationwide
Australia has taken a significant step forward in safeguarding its digital landscape with the introduction of the Cyber Security Act 2024, the nation’s first standalone cybersecurity law. Passed in November …
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March 1, 2025
OAIC Launches New Freedom of Information Dashboard
The Office of the Australian Information Commissioner (OAIC) has introduced a new statistics dashboard designed to enhance public access to data about Australia’s freedom of information (FOI) system. This innovative …
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March 1, 2025
Australia Passes Landmark Social Media Ban for Under-16s
Australia has taken a bold step in social media regulation, passing legislation that will ban children under 16 from having social media accounts. The new law, which garnered support from …
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March 1, 2025
US Supreme Court Signals Support for TikTok Ban Amid National Security Debate
The United States Supreme Court appears inclined to uphold legislation that would effectively ban TikTok unless its Chinese parent company, ByteDance, sells the platform before 19 January 2025. During nearly …
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March 1, 2025
Australia Unveils New AI Regulation Proposal with Mandatory Safeguards
The Australian Government has announced a comprehensive proposal to regulate artificial intelligence (AI), introducing mandatory guardrails for high-risk AI systems alongside a voluntary AI safety standard. The proposal, released in …
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March 1, 2025
Australia Passes Landmark Privacy Reforms with New Anti-Doxxing Laws and Privacy Tort
Australia has taken a significant step forward in modernising its privacy laws with the passage of the Privacy and Other Legislation Amendment Bill 2024. The legislation, which cleared both Houses …
January 26, 2025
Australia Mandates Disclosure of Cyber Ransom Payments in New Law
In a significant move to combat cybercrime, Australia is set to introduce the Cyber Security Act, requiring businesses to disclose ransom payments made to hackers. The landmark legislation aims to …
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January 26, 2025
Virtual meetings and e-signatures become permanent for corporations
The Corporations Amendment (Meetings and Documents) Act 2022 (Cth) (Act) has received royal assent to make virtual meetings and e-signatures permanent for Australian corporations. The
US Senator proposes Bill to prevent economic sanction evasion
Senator Warren of Massachusetts United States has proposed the Digital Assets Sanctions Compliance Enhancement Bill (Bill) to prevent cryptocurrency companies from conducting business with sanctioned
Federal Court finds Privacy Act to apply even if companies have no physical presence in Australia
The Federal Court of Australia recently confirmed the wide extraterritorial application of the Privacy Act 1988 (Cth) and the notion of holding personal information without
New Therapeutic Goods Advertising Code drops on online influencers
The Australian medical regulator announced the new Therapeutic Goods Advertising Code (Code), banning online influencers from receiving any rewards for promoting products. The Code is
Social media users receive new protections under Anti-troll Bill
With the recent announcement of the Social Media (Anti-Trolling) Bill, online users will be granted the ability to unmask anonymous trolls. In late 2021, the
China unveils digital yuan at Winter Olympics Games
During the 2022 Winter Olympic Games in Beijing, China unveiled its new digital yuan. China has been a strong advocate against cryptocurrency ownership, previously banning
Russia set to regulate cryptocurrency
Amidst the political tension in Europe, Russia’s government has announced a plan to regulate cryptocurrency. Previously a stark adversary to cryptocurrency adoption, the Russian government
Australian Government receives green light for a National Digital ID system
The Australian Government receives approval from all states and territories to roll out the National Digital ID system. The National Digital ID system is designed
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