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.
Unlike China, Sweden, and Canada, Australia is reluctant to issue a CBDC.
No need for central bank digital currency in Australia says Reserve Bank
The DAML smart contract language is getting more popular.
BNP Paribas connects to major stock exchanges with DAML smart contracts
Australia gets more blockchain projects.
Blockchain platform commercializes digital bank guarantees in Australia
Food and wine fraud costs Australians $1.7 billion, but government and industry experts say blockchain could be the solution
Blockchain can combat Australia’s $1.7B food and wine fraud problem
A Wikipedia page on Australian blockchain firm Power Ledger bites the dust.
Crypto-hating Wikipedia editor David Gerard claims another victim
John Bigatton has been barred from providing financial services in Australia for seven years for his involvement with the BitConnect Ponzi scheme.
Top Australian BitConnect promoter banned by ASIC for 7 years
Australian crypto traders can now use one of the largest financial apps in Europe.
Europe’s Revolut app now offers crypto trading for Aussie users