australia News and Articles

Annual crypto survey by the Australian crypto exchange Swyftx reveals that despite the Crypto Winter, Australian crypto ownership increased by 4% year on year. In 2021, 17% of the survey participants owned crypto, while this year this metric reached 21%. Results show that Australians have long-term...

Australian law enforcement is working to increase crypto expertise and monitor transactions by forming a dedicated police group. According to the Australian Financial Review, the Australian Federal Police (AFP) reached its aiml to raise $600 M from illicit money transfers. This is despite the...

The Australian government is developing regulations for the cryptocurrency sector. Treasurer Jim Chalmers announced that soon the country will introduce a public advisory paper on the subject. The framework called "token mapping" will be a priority to figure out which cryptos are used in...

On The Run (OTR) petrol stations partners with the crypto exchange company Crypto.com and payment terminal provider DataMesh Group to offer customers the opportunity to pay in cryptos. Due to the partnership, customers can pay directly in-store for everyday goods through the Crypto.com application...

Tom Tate, the mayor of the Australian city Gold Coast says the city’s residents may pay council rates or local property tax in Bitcoin in the future. In an interview with Australian news provider ABC News, the Mayor said such a use case serves as a signal that the city is innovative and will draw...

Australian traders must pay taxes on income received from digital asset transactions. With the corresponding reminder the day before, the Australian Tax Administration issued a reminder. Moreover, taxes must be paid on all types of transactions, including NFT tokens. Australia is on the list of...

The first Bitcoin Exchange Traded Fund (ETF) is expected to launch on the main market of the country, the Australian Securities Exchange (ASX) next week. According to the Australian Financial Review, the major equity markets clearing house ASX Clear will announce the launch of the product when...

Australia’s government plans to define laws regulating the crypto sector and seeks feedback from businesses and individuals. According to a report by the Australian Financial Review, the Commonwealth authorities aim to explore new rules that will help Australia be a part of the growth of Web3....

Commonwealth statutory authority, The Australian Competition and Consumer Commission announced suing Facebook parent company Meta for supposedly allowing misleading crypto ads on FB. ACCC claims that the platform is involved in misleading actions by publishing scam ads that feature popular...

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...

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...

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...

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...

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 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...

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...

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...

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...