ETFs Fuel Crypto Adoption Growth in Australia
The latest Independent Reserve Cryptocurrency Index (IRCI) for Australia, released this week, sheds light on the evolving landscape of cryptocurrency attitudes and behaviors among Australians. The fifth edition of the survey, conducted annually, provides key insights into awareness, adoption, trust, and confidence in the cryptocurrency market.
Kraken Australia – Expanding Downunder
Kraken is one of the OG global crypto exchanges, founded in 2011. In 2020 Kraken launched in Australia. Andy speaks to Kraken’s Aussie MD, Jonathon Miller.
Less than 1% of Australians use crypto for payments says RBA
A new report published by the Australian central bank provides insight into consumer payment behavior. The survey has found that Australians increasingly prefer digital payment methods. Cryptocurrencies, however, make up less than one percent of payments in Australia.
Aussie crypto traders targeted by the Australian Tax Authority
As Australia’s COVID-19 crisis worsens, the Australian tax authority is reportedly in the process of contacting over 350,000 Australians to remind them to declare their cryptocurrency earnings.
Australia releases blockchain roadmap
Agriculture, manufacturing, and renewable energy are all ripe for blockchain-powered disruption, according to a new national strategy from the Australian Government.
Australian Central Bank says “Nah, mate” to Facebook’s Libra
The Reserve Bank of Australia (RBA) says Facebook’s digital currency, Libra, should not be allowed to launch in Australia without being heavily regulated. It does not believe there will be enough demand to merit the effort required to introduce the currency to Australia.
New Australian legislation impacts online anonymity
The privacy balance for technology companies in Australia is changing as the result of new legislation passed at the end of 2018
Distributed Ledgers: Scenarios for the Australian economy over the coming decades
This study contains analysis, interpretation and foresight, created by Data66 in consultation with subject-matter experts, in order to inform government, industry, and the broader Australian community of the plausible implications of Distributed Ledger Technology (DLT). The intended outcome is to provide advance warning of potential challenges, risks and opportunities so that leaders and innovators can make better-informed decisions, including high impact policies, for today, which will impact our future.
Roadmap For Blockchain Standards
This report explains the methodology and process used by Standards Australia to develop a Roadmap for Blockchain Standards. It highlights the critical role Australia will have in leading international efforts to develop blockchain standards under ISO/TC 307 Blockchain and electronic distributed ledger technologies.
Australia to lead ISO Blockchain standards endeavor
Standards Australia recently announced that the International Organization for Standardization (ISO) is supporting its proposal to develop a set of international standards for blockchain technology.
Major stock exchange completes blockchain trial for replacement settlement system
Australia’s largest Stock Exchange, the Australian Securities Exchange (ASX), recently published its Annual Report, revealing the company's progress and near-future plans for its blockchain, or Distributed Ledger Technology (DLT), projects. ASX is one of the world’s leading financial markets, with a total market capitalization of around $1.5 trillion. Employing a team of 530 people, their customers include 6.7 million share owners, 180 participants and, according to the annual report, 2,204 listed companies and issuers.
Blueshyft and Bitcoin Australia partner to sell bitcoin over the counter at 1,200 newsagency shops
Access to bitcoin in Australia became far easier today, as a Melbourne-based startup, Bitcoin Australia, teamed up with one of the largest retail networks in Australia, Blueshyft. Anyone with some cash, a phone number, and an email address, can now purchase bitcoins over the counter at more than 1,200 retail locations. The process takes less than 30 minutes, using iPad-based terminals at newsagency shops nationwide.
Australian Treasury department calls for public comments to help classify digital currency
The Australian Treasury department recently released a discussion paper, “GST treatment of digital currency,” which asks for public comments on how Bitcoin and other digital currencies should be defined and taxed.
GST treatment of digital currency
The Government has released a discussion paper entitled âGST treatment of digital currencyâ. This paper provides background and questions for consultation on the potential approaches available to identify digital currencies in the GST law and change their GST treatment to remove âdouble taxationâ.
Blockchain developments at ASX
Blockchain developments at the Australian Securities Exchange (ASX) have graced media headlines over the last year, with many covering the recent partnership with Digital Asset Holdings.
Australian Government committed to ending bitcoin double taxation
The Australian Government recently announced it’s “committed to addressing the ‘double taxation’ of digital currencies.” Earlier in the week the Hon Scott Morrison MP, Treasurer of the Commonwealth of Australia, reportedly stated that digital currencies, including bitcoin, will be exempt from Goods and Services Tax (GST) as part of changes intended to boost the fintech sector.