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.
Blockchain Australia has terminated Qoin’s membership of the association amid allegations that the crypto project is a pyramid scheme.
Blockchain Australia ousts retail merchant crypto project Qoin
Securities regulators' down under said that they are open to a Bitcoin ETF, so long as investors are protected by the proper rules.
Australian regulators open to Bitcoin ETF with ‘rules in place’
Australia’s eSafety Commissioner has suggested blockchain-based digital IDs as a potential solution to fight online abuse and trolling.
Australia's eSafety Commissioner touts blockchain as a solution to trolls
Eftpos has joined Hedera’s governing council after the two entities completed a successful micropayments pilot last year.
Australian payments giant Eftpos becomes Hedera node operator
An Australian Bitcoin exchange operator has taken legal action against two commercial banks in the country, accusing them of discriminatory practices.
Aussie Bitcoin exchange owner accuses banks of discrimination
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Australia’s overall crypto perception improved in 2020 but adoption among women is still lacking.
Survey: Almost one in five adult Australians own crypto in 2020