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 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.
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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.
10406 - News
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.
4734 - Analysis
Crypto firms worldwide state that debanking is still getting in the way of growth.
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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.
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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.
30471 - News
The Australian Federal Police have sent a “blitz” of alerts to Australians targeted by a new text message crypto scam that can now completely spoof sender IDs.
25810 - News
Swyftx CEO Jason Titman says he expects to see many new opportunities emerging for the industry in the wake of positive crypto policy changes in the United States.
3254 - News
Kate Cooper, the newly-installed CEO of OKX’s Australian arm, says regulatory clarity is still needed to spur institutional crypto adoption.
2424 - News
Australia’s finance regulator alleges that Brendan Gunn dealt with the possible proceeds of crime from “victim investors who deposited funds for conversion to cryptocurrency.”
10446 - News
The Albanese government has no plans to follow the lead of the Trump administration, which has announced plans to stockpile XRP, Solana, Cardano, Ether and Bitcoin.
6806 - News
A survey from Australian crypto exchange Independent Reserve found local crypto holders were split with their views on Donald Trump when it came to crypto.
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A recent YouGov poll suggests around 2 million Australians could form a pro-crypto voting bloc at the next federal election slated for May.
2011 - News
Four have been arrested for allegedly stealing $50,000 worth of trading cards, along with firearms, car keys and six crypto ATMs.
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