australian – DIGIT INFO

Australia’s tax agency won’t clarify its confusing, ‘aggressive’ crypto rules

DIGIT — Fri, 24 Nov 2023 01:09:09 +0000

The Australian Tax Office’s new rules on DeFi are unclear on whether capital gains taxes apply to liquid staking and transferring to layer 2 bridges.

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CBDCs aren’t about solving today’s problems — Australia’s CBDC lead

DIGIT — Fri, 30 Jun 2023 03:21:57 +0000

Dilip Rao, a former Ripple executive who’s now leading Australia’s CBDC pilot has been examining 14 possible use cases of central bank digital currencies.

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Australia Issues White Paper for Central Bank Digital Currency

DIGIT — Wed, 28 Sep 2022 11:30:02 +0000

Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects. Central Bank of Australia to Pilot CBDC Until Middle of 2023 The Reserve Bank of Australia (RBA) […]

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Solar-Powered Crypto Farm in Australia to Prove Bitcoin Mining Can Be Green

DIGIT — Sat, 17 Sep 2022 22:00:52 +0000

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 […]

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Australia to Stocktake Crypto Holdings Ahead of Regulation

DIGIT — Tue, 23 Aug 2022 14:00:17 +0000

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 […]

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Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says

DIGIT — Fri, 12 Aug 2022 11:30:38 +0000

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 […]

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Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases

DIGIT — Wed, 10 Aug 2022 09:30:40 +0000

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 […]

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Australian Taxation Office to Focus on Capital Gains From Crypto Assets

DIGIT — Wed, 18 May 2022 10:00:21 +0000

The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their tax returns. Australian Taxpayers Warned They Should […]

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Australia to Regulate Crypto Sector as Part of Payments Reform

DIGIT — Wed, 08 Dec 2021 21:00:06 +0000

The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple and Google. Payment Laws in Australia to Cover Crypto Business and Big Tech Authorities […]

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Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports

DIGIT — Thu, 21 Oct 2021 18:30:59 +0000

A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of its own crypto firms. Senate […]

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