Popular crypto exchange Zebpay has announced that it is going down under.
The exchange announced in-country AUD support on Twitter today. It joins exchanges like Coinbase and CoinCorner in supporting the continent.
The Australian Securities Exchange (ASX) is now allowing clients to test its in-development blockchain-based equities clearing and settlement system.
Through its newly opened Customer Development Environment (CDE), ASX customers can connect to the system via a blockchain node and experiment with the tech, the exchange announced Tuesday.
The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $6.1 million AUD ($4.3 million USD) lost to crypto criminals.
This marks a substantial rise from the $2.
Australia saw a surge in reports of scams involving cryptocurrencies last year, according to the country’s consumer watchdog.
In 674 cases, victims reported to the the Australian Competition and Consumer Commission (ACCC) and other government agencies that cryptocurrency had been used to pay scammers in 2018, with reported losses of AU$6.1 million (US$4.3 million), the ACCC said in its tenth annual “Targeting Scams” report on Monday.
The Australian arm of “Big Four” auditing firm PwC is working a new solution aimed to boost efficiencies in the country’s international trade systems.
Announced Tuesday, PwC Australia is collaborating with the Australian Chamber of Commerce and Industry (ACCI) and the Port of Brisbane for the development of a new platform that utilizes blockchain technology to link supply chain information – in theory eliminating difficulties with traditional methods by, a release states, removing complexity.
The United Nations Children’s Fund (UNICEF) is seeking to harness supporters’ computers to raise donations via cryptocurrency mining.
To that end, the organization has launched “The Hope Page” – a website that mines cryptocurrency with the help of visitors’ computer processing power. The non-profit described in a statement that site will “allow Australians to provide help and hope to vulnerable children by simply opening the page while they are online”, ITnews Australia stated.
The Australian Securities Exchange (ASX) is moving closer to replacing its CHESS clearing and settlement system with a distributed ledger-based alternative.
Details about the system’s progression toward production launch were included in an 87-page consultation paper published Friday, which included a timeline for when the switch will be made as well as descriptions of the types of functions it will and won’t support.
Utility billing and payment services provider Novatti is launching a new Australian dollar (AUD)-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network.
As the platform’s tokens are tied to Australian dollars, all units in circulation will have an equal, matching reserve of AUD, allowing investors to use the currency freely without having to worry about price fluctuations.
The securities and financial regulators of Australia and Dubai respectively have entered a mutually beneficial agreement to cooperate on and promote financial technologies (FinTech) in each other’s markets.
Inking the terms yesterday, the Dubai Financial Services Authority (DFSA) and the Australian Securities and Investment Commission (ASIC) will jointly work on a collaborative framework toward FinTech innovation. Notably, the regulatory framework will lower the burden for industry startups and businesses to enter each other’s markets, aided by the authorities for regulatory compliance.
According to Australian publication SBS News, a pole dancing instructor found success after investing in bitcoin, as she bought the cryptocurrency back in July and has tripled her initial investment since them.
Dee Heath owns a pole-dancing fitness business in western Sydney, and earlier this year decided to invest in bitcoin. Speaking to SBS News, she admitted that despite loving pole dancing, the cryptocurrency has been her passion.
Australian-based solar startup Power Ledger, among others, is to receive AU$8.25 million in funding from the Australian government for a cutting edge project using the blockchain.
According to an announcement from Power Ledger, the Australia government revealed today that it is to provide $2.57 million in funding for a cutting-edge project in the City of Fremantle, in Western Australia.
The Australian High Commissioner to the UK has revealed that the two countries are on the verge of inking a new FinTech agreement.
Speaking at a global trade conference last week, Australia’s high commissioner to the UK Alexander Downer reportedly stated that the two countries “are in the process of concluding negotiations on fintech”, a move that will boost Australia with direct ties to one of Britain’s fastest-growing industries.
As reported by International Investment, Downer further revealed that the agreement will bring enhanced cooperation between the two countries’ regulatory authorities.
The national securities regulators of China and Australia have entered an agreement to share information to promote FinTech innovation in each other’s markets.
The Australian Securities and Investment Commission (ASIC) and China Securities Regulatory Commission (CSRC) have inked a FinTech cooperation agreement that will see the two authorities share and use information on emerging market trends and developments to promote innovation in financial technologies with each other’s markets.
As bitcoin price hits unprecedented heights this week, Bitcoin-related scams are also on the rise according to an Australian government study.
The Australian Competition and Consumer Commission (ACCC), an independent Australian government authority tasked to enforce consumer protection laws, has pointed to a marked uptick in bitcoin-related scams in the country. Through ‘Scamwatch’, the authority provides an overview of fraud and scam-related trends taking shape in the country by collaborating with various state and territory consumer protection agencies and other government agencies.
Australia’s central bank addressed the growing popularity of cryptocurrencies like bitcoin in a parliamentary committee testimony.
The Reserve Bank of Australia (RBA) has joined a growing list of regulatory counterparts around the world in discussing its regulatory stance and views on cryptocurrencies. Earlier this month, the deputy director of the Philippines’ central bank spoke about the “benefit of using virtual currencies like bitcoin” by calling them “fast, near real-time and convenient.
The Australian government has published draft laws for “an enhanced regulatory sandbox” that will go easy on FinTech startups by letting them operate without a full license.
The Australian government has revealed drafts of the new regulatory framework that will relax licensing requirements for innovative new FinTech startups in the country. The new framework will enhance Australia’s sandbox for the testing of a wide range of FinTech products and services without the mandatory requirements to meet all licensing requirements of the Australian Securities and Trade Commission.
Come July 2018, Australia will (finally) remove the double taxation of transactions involving cryptocurrencies like bitcoin.
Under current law mandated in December 2014, Australians are taxed twice for digital currency transactions – once for the goods and services (GST) tax on the purchase and again for the digital currency used in the transaction. Bitcoin and other digital currencies are seen as an ‘intangible’ property under rules mandated by the Australian Tax Office.
As bitcoin’s valued soared to record heights over the weekend, the Australian government heard evidence on digital currencies and its tax implications.
On Saturday, bitcoin’s value saw its value rise to $6,200 for the first time, pushing its market cap to $102.8 billion. With investor interest increasing in the cryptocurrency market, governments are turning their attention to the impact it presents.
From next year, Australians will no longer have to pay goods and services tax (GST) on cryptocurrency purchases.
Following the passing of new legislation in the country's parliament today, the long controversial "double taxation" of cryptocurrencies – first when buying it, then later when buying items subject to the tax – is finally coming to an end.
The situation arose from the previous law, enacted in 2014, which treated cryptocurrencies as bartered goods for GST purposes – legislation that quickly received criticism from technology advocates, and last year saw pledges from government officials to rectify the issue.
The Australian Senate has begun deliberating a bill that would apply the country's anti-money laundering (AML) statutes to domestic cryptocurrency exchanges.
The bill was first unveiled in August – introduced in the House of Representatives, one of two chambers in Australia's Parliament – revealing that lawmakers are considering approaches such as criminal penalties for unlawful exchange operators.
A handful of FinTech startups have reportedly submitted use-cases to the Australia’s central bank and Federal Treasury for a state-backed Australian dollar cryptocurrency – the Digital Australian Dollar.
According to a report by the Australian Financial Review, three FinTech startups – FlashFX, AgriDigital and Othera have, through industry advocacy group FinTech Australia and the government’s own FinTech Advisory Group, are pressing the Reserve Bank of Australia (RBA) to consider the ‘Digital Australian Dollar’, dubbed the DAD.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...