News
Thevamanogari Manivel was sentenced to 18 months of community corrections with six months of unpaid community work, while her husband will face a plea trial in October.
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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.
- Breaking news
The regulator alleged that Bit Trade, the provider for Kraken in Australia, did not make a target market determination before offering its margin trading product to Australian customers.
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ANZ’s banking executive Nigel Dobson says the bank sees “real value” in tokenizing real-world assets on-chain like the Aussie dollar.
6511 - Newsletter
Senators Richard Blumenthal and Josh Hawley's framework emphasizes that technology companies cannot rely on liability protections to shield them from legal actions.
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Block Earner has unveiled a new crypto-backed loan product for the Australian market, amid an ongoing tussle with a federal regulator over its shuttered Earn product.
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Australian Senator Andrew Bragg says a rejection of his crypto bill would drive investment away from the country, but a lawyer says the work that went into the bill will inform the government’s approach.
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Australian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear market as the reason for its launch.
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Australia’s bill on digital asset market regulation has faced a series of delays, and now the Committee on Economics Legislation has recommended the bill not pass.
5778 - Interview
Ben Rose is hopeful that Binance Australia’s banking woes will be relieved by positive regulation in the future.
8478 - Event
Responsibility for crypto scams does not only belong to the cryptocurrency industry, it also involves banks, telecoms and social media platforms, Australian exchanges say.
6417 - Event
Crypto-focused lawyer Jeremy McLaughlin said the United States digital asset industry may re-ignite as the country’s securities regulator racks up court losses.
4345 - News
A global consumer survey from Salesforce shows a growing distrust toward firms that use AI, while an Australian survey found most believe it creates more problems than it solves.
2665 - Interview
A new partnership between Independent Reserve and PayPal offers investors extra choice and “mitigates the risks” of Australian crypto banking blocks, says CEO Adrian Przelozny.
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The Reserve Bank of Australia has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency.
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Melbourne-based crypto lender Helio Lending had previously pleaded guilty to falsely claiming it had an Australian credit license.
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