News
Australia’s markets regulator has started legal proceedings against the former director of Blockchain Global, Allan Guo, over his dealings with the collapsed ACX Exchange.
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Australia News
The Commonwealth of Australia is the sixth largest country in the world and is the only one that occupies a whole continent. It also includes several islands. The state has a strong economy and its GDP per capita is bigger than that of Great Britain, Germany, etc. The growing popularity of Bitcoin hasn’t gone unnoticed in the country. In Australia, cryptocurrency is almost a legal form of payment, as the government is making efforts to give Bitcoin the status of either a national or foreign currency. In July 2017, the government cancelled a double tax for transactions with Bitcoin in Australia to provide a better cryptocurrency environment. In Australia, cryptocurrency exchange is possible with plenty of ATMs and online platforms.
- News
Australian Senator Gerard Rennick criticized Bitcoin, saying, "You can't eat Bitcoin." A Bitcoiner replied, asking if he feels the same about the internet.
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A Block Earner spokesperson told Cointelegraph that ASIC's case against the firm has escalated to a “broader legal question” around the definition of a financial product.
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A judge’s ruling in a criminal case may pave the way for $640 million in tax refunds, challenging the Australian Tax Office’s long-held stance on crypto taxation.
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The Australian Federal Police said it seized nearly 25 Bitcoin, a waterfront mansion and a Mercedes-Benz car it claimed could be tied to a 2013 crypto exchange hack.
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Authorities in New Zealand arrested 13 people in a $265 million crypto fraud probe, with one Wellington man indicted under US racketeering laws.
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Jason Titman, CEO of Swyftx, told Cointelegraph that Andrew Charlton has a deep understanding of blockchain, coupled with a genuine belief in its potential to support the Australian economy.
2432 - Analysis
The crypto industry has called on Australia’s reelected government to make good on its promises and prioritize crypto legislation early in its new term.
2782 - Analysis
No matter who wins Saturday's election in Australia, crypto legislation developed with the industry is set to finally happen this year.
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Australia’s financial intelligence agency AUSTRAC says it’s undertaking a blitz on dormant registered crypto exchanges to weed out scammers.
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Australia’s financial regulator launched civil legal proceedings in November 2022, arguing Block Earner needed a financial services license to offer its crypto-linked fixed-yield earning products.
4856 - Analysis
Crypto firms worldwide state that debanking is still getting in the way of growth.
3991 - News
The Australian securities regulator’s application to close 95 “hydra” firms believed to be running crypto trading and romance scams has been approved by the Federal Court of Australia.
4346 - How to
To buy Bitcoin in Australia, you can use CEXs, DEXs, P2P platforms, Bitcoin ATMs or Bitcoin ETFs available on the stock exchange.
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The Albanese-led government intends to release draft legislation in 2025 for public consultation and promised to work with Australia’s four largest banks to better understand de-banking.
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