Search
Australia to impose capital gains tax on wrapped cryptocurrency tokens
14.11.2023
Delivering a major hit to Australian crypto investors, the ATO stated that wrapping or unwrapping tokens — irrespective of their price at the time — will be subject to capital gains tax
48 Countries Join Forces to Combat Crypto Tax Evasion Starting in 2027
13.11.2023
Source: AdobeStock / Nuthawut Forty-eight countries across six continents have committed to a new tax transparency standard starting in 2027 to fight crypto-related tax evasion. Countries – including Ireland, Austria, France, Germany, Italy, Croatia, Japan, South Korea, the US, and Canada...
Australian regulators will compel businesses to report cyberattacks: Report
13.11.2023
This obligation won’t be backed by a fine if the company fails to comply, and businesses will still be permitted to pay ransoms, though this is discouraged
47 Countries Adopt New CARF Framework on Automatic Exchange of Information Between Tax Authorities
10.11.2023
Source: Adobe/amirul syaidi A consortium of 47 countries, including the US, the UK, and Australia, have adopted a new framework for the automatic exchange of information between tax authorities. The framework, known as the Crypto-Asset Reporting Framework (CARF), was developed by the Organisation...
Crypto exchange CoinSpot reportedly suffers $2M hot wallet hack
9.11.2023
Blockchain security firm CertiK believes the $2.4 million draining of a CoinSpot hot wallet is likely the result of a “private key compromise.”
Ripple Collaborates to Power Payments Corridors Between Africa and Rest of the World
8.11.2023
Source: Adobe Crypto payments giant Ripple has partnered with fintech Onafriq for cross-border payments between Africa and the rest of the world. The deal would facilitate crypto-enabled cross-border payments between 27 African countries and markets including the UK, Australia, and the Gulf....
Ripple Broadens Remittances Between Africa, Gulf States, UK and Australia
8.11.2023
Ripple also announced product enhancements and license updates, including a focus on payments between enterprises and smaller businesses
Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf
8.11.2023
The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners
5 nations challenge crypto experts and investigators to target tax crimes
3.11.2023
The J5 generates significant leads through events, which, in the past, has helped uncover multi-million-dollar crypto Ponzi schemes such as the BitClub Network
Games Backed by Disney, Alibaba, Google, Square Enix Will Build on Immutable zkEVM, ‘Blockchain Gaming to Become Synonymous with Gaming’
2.11.2023
Three new upcoming games from Australia and Asia-based teams have committed to building on Zero-Knowledge (ZK) proof-based scaling rollup Immutable zkEVM. In an interview with Cryptonews, Michael Powell, Product Marketing Lead at Web3 gaming platform Immutable, discussed the relevance of ZK...
Australia’s $145M exchange scandal, Bitget claims 4th, China lifts NFT ban: Asia Express
27.10.2023
Asia Express: Cops bust Australian crypto and fiat money laundering exchange, Bitget now 4th largest exchange, China partially lifts NFT ban
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
17.10.2023
Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to the proposals, crypto exchanges will be given...
Australia open to idea of CBDC as future of money: RBA
16.10.2023
The RBA assistant governor in his speech noted that the pilot CBDC projects have highlighted several key areas where CBDCs could be of great use
Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024
16.10.2023
Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024
Aussie crypto exchanges look to new licensing regime with cautious optimism
16.10.2023
Australian crypto exchanges have largely praised the Treasury’s latest proposal to place crypto exchanges under the existing financial services license regime, though some worry it could box the crypto industry into a TradFi-shaped box
Australia's Government Calls for Digital Asset Platforms to Abide by Existing Financial Regulations
16.10.2023
The Australian government has unveiled a proposal aimed at imposing stricter regulations on cryptocurrency trading platforms, with a focus on enhancing oversight of customer funds.
The proposal, released on Monday, suggests subjecting digital asset platforms to the same laws that govern other...
Crypto exchanges to fall under TradFi licensing — Australian Treasury proposal
16.10.2023
The Australian treasury's newly-released consultation paper will require to crypto exchanges to apply for financial services licence from the local financial regulator
Mastercard Announces Successful Wrapped CBDC Trial in Partnership with Reserve Bank of Australia
13.10.2023
Mastercard has announced a successful demonstration of an innovative solution that enables the wrapping of Central Bank Digital Currencies (CBDCs) on various blockchain networks.
This solution emerged from a collaboration between Mastercard, Cuscal, and Mintable as part of a research project...
Mastercard announces successful wrapped CBDC trial results
12.10.2023
The experiment demonstrated that CBDCs could be wrapped to purchase NFTs on blockchains such as Ethereum
Report: Australian Police Seize Crypto Worth $1.5 Million From Dark Web Drug Dealer
10.10.2023
The police in the Australian state of South Australia recently seized cryptocurrency worth $1.5 million from an alleged dark web drug dealer. Police also recovered a “large quantity” of the synthetic opioid nitazene as well as tens of thousands of dollars in cash. ‘Illicit...