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australia News and Articles



Australia crypto adoption

Survey Shows Crypto Adoption Grows in Australia

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More people now own crypto in Australia. A 2021 survey by the Independent Reserve Cryptocurrency Index indicates that the number of Australians owning crypto grew to 28.8% from 18.4% in 2020. Over 2000 people participated in the survey. The results show that 89% of investors profited. 26.6% of...

Retirement

First Australian pension fund decides to invest in crypto

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There are a growing number of pension funds around the world that have included digital currencies in their portfolio. The first Australian fund decided to follow the path of similar financial structures from other countries. Rest Super fund manages $ 46.8 billion in assets and serves 1.8 million...

Australia

Kraken: Australian authorities hinder development of cryptosphere

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The Australian office of the Kraken crypto exchange criticized the policy of the country's authorities. As Jonathan Miller, representing the company's top management, noted, if regulators introduce licensing of trading floors, business development will slow down. Australia is among the countries...

Australia crypto opinions

Australian Regulator Warns About Crypto Risks

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Officials in Australia have different approaches to the crypto industry. Chairman of the Australian Securities and Investments Commission (ASIC), Joe Longo talked about cryptocurrencies on November 22, urging people to be careful about investing their all savings into unregulated assets that many...

Australia

Chainalysis announced opening of a representative office in Australia

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In the Australian city of Canberra, the office of the leading analytical company Chainalysis, specializing in distributed ledger technology, will soon appear. An interesting fact is that the announcement of entering the Australian market coincides with the news about the beginning of cooperation...

Australia

Australian crypto business is ready to work by the rules

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Australia is rapidly calculating the number of citizens buying cryptocurrencies. Moreover, bitcoin is much popular in the country compared to precious metals. Local businesses representing the cryptocurrency industry have expressed their willingness to work strictly within the framework of the...

Australia SelfWealth Crypto

Australia-Based SelfWealth Plans to Offer Crypto Trading

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Melbourne-based share trading platform SelfWealth included crypto trading in its 2021 roadmap. Today, July 12, the company published a blog post, where it revealed looking for a partnership with an experienced and reliable crypto exchange to start crypto trading on its platform. SelfWealth...

Scam

Australian nurse lost all savings due to cryptocurrency scam

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A Sydney resident spoke about the loss of all her savings due to a fraudulent cryptocurrency scheme. She announced this on the air of the local radio station 2GB. A woman who has worked as a nurse all her life saw an advertisement offering to invest in bitcoin on the Internet. The project was...

Australia blockchain

Government of Australia to Offer Blockchain Teams $6 M

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On March 26, the Commonwealth of Australia initiated a program named "Blockchain Pilot Grants". As stated in the document, financing aims to help organizations with overcoming issues concerning compliance with regulations. Two pilots will be financed up to $ 3M for putting forward...

Australia a wholesale CBDC

Australia is Looking for Ways to Practice a Wholesale CBDC

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The Reserve Bank of Australia builds a partnership to find out the opportunities of practicing a blockchain-based central bank digital currency in a wholesale form. Today the officials informed the bank will be cooperating with the National Bank, an Australian multinational bank CommBank, the fund...

Australia

Australians now can buy Bitcoins at post offices

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Australians will now be able to buy bitcoins at over 3,500 Australian post offices. CEO of Bitcoin.com.au Holger Arians believes that the new payment method will be convenient for many people: “For many users, especially beginners, paying bitcoins at Australian post offices will be a safer way...

Australia Bitcoin fraud

A resident of Australia laundered $3 million through bitcoin

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A resident of Australia was arrested on suspicion of laundering AUD $5 million ($3.2 million) through bitcoins. She led the illegal trading platform, exchanging cryptocurrency for fiat, reports The Australian. A 52-year-old woman was detained at a mall in New South Wales. With her, they found more...

Australia tax Bitcoin traders

Australian tax regulator will check 350,000 Bitcoin traders

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Australia's tax regulator will remind crypto traders of tax liability. This will happen by sending emails or regular letters, reports News.com.au. Since cryptocurrencies are considered a form of ownership in the country, they fall under the law on capital gains tax. This means that all operations,...

Australian bushfires

Binance donated $1 million for Australian Bushfires’ victims

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Binance has given $1 million in crypto for helping the sufferers of Australian fires. Binance Charity has started a program to assist the Australian bushfires' aid projects....

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