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.
The Indian state of Uttar Pradesh will pilot a peer-to-peer solar power trading project in partnership with Australian blockchain energy company Power Ledger.
Largest Indian State to Pilot Blockchain-Based Solar Energy Trading
Big Four consulting firm KPMG officially launched its blockchain-based track and trace platform in Australia, China and Japan.
KPMG Launches DLT Supply Chain Tool in Australia, China and Japan
Australian blockchain energy firm Power Ledger and BSES Rajdhani Power Limited have successfully conducted a peer-to-peer solar power trading trial in India.
Power Ledger Completes Peer-to-Peer Solar Energy Trading Trial in India
Australian crypto firm DigitalX Ltd. is launching a Bitcoin fund, seeded with roughly $1.9 million of its own holdings in cryptocurrency.
Australia: DigitalX Launches Bitcoin Fund Seeded With $1.9M in BTC
Australian law enforcement arrested a 38-year-old Australian man for violating Anti-Money Laundering laws by operating an unregistered cryptocurrency ATM.
Australian Man Arrested for Unregistered Crypto Transactions
Power Ledger’s new commercial deal in South Australia aims to help users avoid additional hidden electricity costs and extra charges.
Power Ledger Strikes Deal to Roll Out Blockchain in South Australia
Australian Minister of Home Affairs Peter Dutton warned that terrorists are exploiting cryptocurrencies to “fund their deadly missions.”
Australian Home Affairs Minister Says Terrorists Use Crypto to Obfuscate Crimes