9th April 2026 > > Iran, FT, & Australia.

tl;dr

The FT makes a dig at cryptos misreporting on the Straits of Hormuz. Australia is clearly governed well.

Market Snap

Market Wrap

It’s nice to see the 7-handle back triggered by the temporary ceasefire which seems rather under strain already, though I guess they always need time to implement. Regardless, short-term price moves are only of interest to us when they throw up great buying opportunities.

Curious Cryptos’ Commentary – Iran

This is almost certainly fake news:

The original article is paywalled and since Curious Cryptos Ltd. rightly refuses to fund crypto naysayers I cannot read it though I see the byline describes it as “Hormuz bitcoin tollbooth”.

There is no other source making this ridiculous claim (to the best of my knowledge) so why does the FT continue to put its reputation, such that it has left, at risk when reporting on cryptos? Well, I think the editors get a deep sense of personal satisfaction when such reports bring out the committed naysayers, who know not of what they speak:

The commentator is clearly an IMF supporter in thrall to the technocratic elite and cannot therefore be trusted.

Seriously? It’s about 25c right now per BTC transaction, miniscule in comparison to the TradFi charge for moving millions of dollars internationally. With a 10-minute settlement period compared to up to five days for TradFi settlement, I know which one is far more efficient.

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I could go on, but the point is made.

Curious Cryptos’ Commentary – Australia

The Corporations Amendment (Digital Assets Framework) Bill 2025 has now cleared both houses. Awaiting royal assent, it will take effect in about a year’s time.

Its objective is to provide both regulatory clarity and a mechanism for crypto platforms to become registered providers of crypto services. DECA (The Digital Economy Council of Australia) is delighted, and so it should be:

“For the first time, we have a legislative framework that directly addresses digital asset platforms and it provides long-awaited clarity for businesses, investors and regulators, and marks a shift from uncertainty toward implementation.”

Only introduced in November last year this rapid approval shows the enthusiasm and appetite that the Australian legislature has for taking its place in the pantheon of the leading countries supporting the crypto revolution.

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Right on cue, Coinbase has gained an Australian Financial Services License allowing it to offer derivatives and equities to retail customers in Australia. This is no doubt with an eye to expanding its registration once the new regime comes into force.

Coinbase’s desire to become a global leader in all things financial and not just crypto is there for all to see.