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.
Opinion
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.
US Bitcoin ETF favors Australian approval, but Aussies need to go further
Will Hamilton
2021-11-28T10:11:00+00:00
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News
“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 dolla...
Australian Tax Office says it can’t rely on crypto users’ own records
Brian Quarmby
2021-11-26T00:49:34+00:00
10871
News
“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 Sup...
Australia’s Rest Super retirement fund to invest in crypto for its 1.8M members
Brian Quarmby
2021-11-24T04:36:53+00:00
11942
News
He told an audience that the rise of blockchain currencies has been “nothing short of phenomenal.”
ASIC chair Longo calls the growing demand for crypto ‘impossible to ignore’
Benjamin Speaker
2021-11-23T21:45:00+00:00
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“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.
Commonwealth Bank of Australia recognizes risks in missing out on crypto
Brian Quarmby
2021-11-23T05:22:50+00:00
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Kraken Australia’s managing director is concerned that a proposed new licensing regime for crypto exchanges could collapse the vibrancy of the industry down und...
Proposed Australian exchange licensing could stifle competition: Kraken
Brian Quarmby
2021-11-23T02:06:04+00:00
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The Liberal Party Senator commented that DeFi “presents huge opportunities” for Australia to cement its place as a “front-runner for innovation.”
Australian Senator says DeFi is 'not going away any time soon'
Keira Wright
2021-11-22T02:46:49+00:00
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The Reserve Bank of Australia has warned local investors that the speculative frenzy on crypto could soon dry up if policymakers and regulators step in.
Reserve Bank warns Aussies over punting on ‘fad driven’ cryptocurrencies
Brian Quarmby
2021-11-19T05:00:14+00:00
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