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The key objectives of the project are to identify and understand innovative business models, use cases, benefits, risks, and operational models for a CBDC in Australia. Go to Source Powered by WPeMatico
A crypto mining data center in the state of South Australia will be running mainly on solar-generated electricity, a media report reveals. The coin minting facility has been set up in a region known for its energy-hungry iron ore extraction and steel production. Bitcoin Farm to Mine Cryptocurrency on Solar and Excess Energy in South … Read more
The public has been provided with 25 days to share their opinion on the proposed legislation. Go to Source Powered by WPeMatico
The use of crypto in criminal activity has reportedly significantly increased since the AFP made its first crypto seizure in early 2018. Go to Source Powered by WPeMatico
Court documents allege that the recipient used a portion of the funds to purchase a luxury mansion upon receipt. Go to Source Powered by WPeMatico
ASIC prepares to put crypto and DeFi firmly in its sights. Australia’s Northern Territory Racing Commission is preparing to adopt cryptocurrencies in gambling Go to Source Powered by WPeMatico
Australia intends to do a virtual stocktake of cryptocurrency assets held by its citizens, the new executive power in Canberra announced this week. The move is viewed as an indication that the center-left government plans to regulate the country’s crypto space. Treasury Embarks on ‘Token Mapping’ to Underpin Crypto Regulation in Australia As part of … Read more
High rates of crypto ownership, with purchases often made on advice from Youtube and Facebook, make “a strong case for regulation,” according to the Australian Securities and Investments Commission. The watchdog backs its stance with poll results showing nearly half of retail investors in Australia keep one coin or another. Australian Securities Regulator Pushes for … Read more
The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases and intends to develop a limited-scale pilot. Central Bank of Australia Working on Digital Currency Program The Reserve Bank of Australia (RBA) announced the launch … Read more
The pilot project will last a year, and the details for potential participants will be published in the next few months. Go to Source Powered by WPeMatico
