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For governments, cryptocurrency is becoming too mainstream to ignore and too chaotic to neglect. Across the world, government agencies are targeting crypto investors not only with taxes but mandatory registration and full disclosure rules. This new wave of regulation poses a contradiction in that some of cryptocurrency’s strongest traits have always been privacy and autonomy. … Read more
Bitcoin and many other digital assets have lost more than 80 percent of their fiat value since 2017. Despite this, the trend for people selling homes for cryptocurrency continues to thrive amidst one of the longest bear markets in crypto history. Also read: Canadian Exchange Insolvent After CEO Dies With Keys to $145M of Cryptocurrency The … Read more
The Australian Transaction Reports and Analysis Centre (Austrac) has now officially registered 246 cryptocurrency exchanges. Pro-regulation industry participants have described the move as a key step towards legitimizing crypto assets. The registration process includes performing background checks and other anti-money laundering procedures on the entities involved. Also read: Coincheck Registers 1.7M New Users Since Resuming Operations … Read more
In today’s edition of The Daily, we cover a reflection on the passing year by the cryptocurrency mining technology giant Bitmain, a mobile app released by social network Memo and new turnover figures from a Bitcoin ATM network in Australia. Also Read: South Africa Wants to Mandate Registration of Crypto Services Bitmain Reflects on 2018 … Read more
John Bigatton, a promoter of $2.6 billion alleged Ponzi scheme Bitconnect, is now under a travel ban imposed by the Australia federal court Go to Source Powered by WPeMatico
Securities commissioners and trade experts have refused Australian blockchain startup Power Ledger a clean bill of ethical health after it emerged that the company paid rogue “bounty hunters” to shore up interest in its cryptocurrency. The project’s “powr” crypto has fallen 90 percent in value over the past year amidst bearish market conditions. Also read: Russian … Read more
Mineable and tradable from anywhere, cryptocurrency is borderless. Its adoption nevertheless hinges in part upon the stance taken by nation states. Politicians have the power to integrate, legitimize and push crypto to the next stage of mainstream adoption. A number of influential politicians around the globe have expressed varying levels of support for digital currencies and blockchain … Read more
Australia’s National Transport Insurance (NTI) has announced it will trial a blockchain system to enhance the safety and provenance of beef exports abroad Go to Source Powered by WPeMatico
The ATO publication states that Australians have reported over 28,000 scam attempted associated with the ATO, and have paid nearly $1 million to scammers Go to Source Powered by WPeMatico
Australia’s largest bank and a government-run digital innovation lab have successfully trialled a blockchain-powered “smart money” system for disability insurance Go to Source Powered by WPeMatico
