Australia News

Aside from being the first major crypto sports sponsorship in Australia, the deal will also be a first for women’s sports.

A virtual recreation of Melbourne Park including the Rod Laver Arena and Grand Slam Park will be open for the duration of the AO tournament.

Users from the crypto exchange will have the chance to win tickets to two tournaments and a meeting with Ajla Tomljanovic using a nonfungible token showing proof of attendance.

The Australian financial watchdog has revealed the details of how it took down ASX traders suspected of taking part in a coordinated Telegram pump-and-dump scheme.

Following Treasurer Josh Frydenberg’s “payments and crypto reform plan,” the RBA has published a report exploring DLT tech and wholesale CBDC issuance.

“What is clear is that if we embrace these developments, Australia has an enormous opportunity to capitalize on the convergence between finance and technology,” Treasurer Josh Frydenberg said.

CEO of Independent Reserve Adrian Przelozny told Cointelegraph that he expects the trend to continue as crypto matures and becomes less volatile.

The IRCI survey of 2,000 Aussies also found that 56.7% of the women surveyed said that they would enter the crypto market based on advice from family and friends.

Welcome to the statistically dubious world of cryptocurrency surveys. Here, we'll find out how many Aussies really own crypto, and why there are so many different claims.

If Australia can embrace the crypto asset class, it could very realistically see an injection of new capital into its markets and the broader economy.

“Our main concern is that many taxpayers believe their cryptocurrency gains are tax-free or only taxable when the holdings are cashed back into Australian dollars,” said the ATO commissioner.

“It’s still a very volatile investment, so any allocation exposure we make to cryptocurrencies is likely to be part of our diversified portfolio,” said Rest Super CIO Andrew Lill on Tuesday.

He told an audience that the rise of blockchain currencies has been “nothing short of phenomenal.”

“We see risks in participating, but we see bigger risks in not participating,” said CBA CEO Matt Comyn on the bank’s recent crypto adoption play.

Kraken Australia’s managing director is concerned that a proposed new licensing regime for crypto exchanges could collapse the vibrancy of the industry down under.