Category: Australia

Aussie Senate committee proposes overhaul of crypto taxes, DAOs and exchange licenses

October 20, 2021

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The committee recommended more clarity for DAOs, new capital gains tax provisions, and tax breaks for green miners. 1782 Total views 22 Total shares The Senate Committee on Australia as a Technology and Financial Center (ATFC) has just tabled its third and final report in Parliament which has 12 far-reaching recommendations for the regulation of […]

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Aussie cyber spies to control critical infrastructure during ransomware attacks

October 20, 2021

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The new bill, if passed, will allow cyber warfare operatives to take over control of critical infrastructure under attack. 2609 Total views 34 Total shares Australia’s top cyber spies are set to gain greater powers in the event of ransomware or other cyber attacks on critical infrastructure. The Australian Signals Directorate (ASD), a government agency […]

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New BetaShares ETF to track Coinbase, Riot and MicroStrategy

October 13, 2021

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The fund will trade on ASX and aims to provide a level of crypto exposure to institutional investors. 594 Total views 8 Total shares Six months following its application with the Australian Securities Exchange (ASX), BetaShares is now close to launching a new crypto-focused exchange-traded fund (ETF). According to an Oct. 13 announcement, the official […]

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New Australian ransomware plan allows for seizure of crypto

October 13, 2021

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Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation. 1804 Total views 21 Total shares Australian lawmakers are taking a tougher stance against ransomware with a new plan that increases penalties for offenders. The new measures and proposed Surveillance Legislation Amendment announced by the federal government on Oct. […]

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Singapore finance authority grants licenses to Independent Reserve and DBS

October 1, 2021

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DBSV and Independent Reserve previously received MAS’ in-principle approvals to provide digital payment token services. 858 Total views 27 Total shares Singapore’s principal financial regulator, the Monetary Authority of Singapore (MAS), has officially approved two companies to offer cryptocurrency services in the country. MAS issued Oct. 1 licenses to Australian crypto exchange Independent Reserve and […]

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Average Aussie crypto portfolio grew 258% in FY 20-21, survey reveals

September 25, 2021

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Older Australian crypto investors outweigh the new generation in initial investment, but the younger crowd is more active in daily trading. 2561 Total views 67 Total shares The average portfolio size on Australian cryptocurrency exchange BTC Markets has grown from $577.65 (795.5 Australian dollars) to $2,069.16 (2849.5 AUD) in the financial year 2021, signaling a […]

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Binance to cease crypto futures and options in Australia

September 21, 2021

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Binance users in Australia have 90 days to close their positions for futures, options and leveraged tokens. 501 Total views 11 Total shares Binance, the world’s largest cryptocurrency exchange by trading volume, continues limiting its services amid the ongoing global regulatory scrutiny, announcing new trading restrictions in Australia. Existing Binance users in Australia will have […]

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There’s a Bitcoin boom among Baby Boomers reports BTC Markets

September 16, 2021

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Crypto asset investing has become more popular with Aussie boomers according to the country’s largest exchange. 5822 Total views 42 Total shares Australian cryptocurrency exchange BTC Markets has observed a significant uptick in older clients using its platform over the past financial year. More older Australians are viewing crypto assets as viable investments according to […]

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17% of Australians now own crypto, totaling $8B between them: Survey

September 3, 2021

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Bitcoin remains the most popular cryptocurrency in Australia, with 9% of Aussies currently hodling it. 2292 Total views 65 Total shares One in six Australians now own cryptocurrency, with the total value of their holdings adding up to $8 billion, according to a recent survey.  The full report of the Finder Consumer Sentiment Tracker was […]

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Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

September 2, 2021

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The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies. 2901 Total views 36 Total shares The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs). The initiative, dubbed Project Dunbar, […]

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