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Australia Introduces Capital Gains Tax For Wrapped Tokens
14.11.2023
Source: Pixabay The Australian Taxation Office has issued an update on its capital gains tax for crypto products, stating that it also extends to wrapped tokens or token interaction with decentralized lending protocols. The previous edition of the capital gains tax stated that capital gains...
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
Demand for Bitcoin could grow by up to 10X within 12 months: Michael Saylor
11.11.2023
The MicroStrategy co-founder emphasized that demand for Bitcoin will significantly ramp up following the halving next year
Australian Crypto Wallet CoinSpot Hacked for $2.4 Million Worth of Ether – Report
9.11.2023
Source: Pixabay / Werner Moser Crypto sleuth ZachXBT has reported an exploit, involving Australian crypto platform CoinSpot, allegedly suffering over $2 million worth of Ether. According to a Telegram post by ZachXBT in the early hours of Thursday, attackers drained funds from CoinSpot’s hot wallet...
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...
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
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
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...
Ripple in Preliminary Talks with Australian Freight & Trade Alliance for Future Partnership
6.10.2023
Paul Zalai, Director of the Australian Freight & Trade Alliance (FTA), disclosed the possibility of a future partnership with San Francisco-based fintech firm Ripple during an interview with TLG.
The news comes at an opportune moment for Ripple, which has been looking to expand its global...
South Australian Police Seizes $1.5M in Crypto From Man Charged With Drug Trafficking
5.10.2023
South Australian police have apprehended a 25-year-old man from Adelaide Hills on charges of drug trafficking and money laundering, with approximately $1.5 million worth of crypto seized during the operation.
The accused individual operated multiple vendor profiles on the dark web, selling various...
Australian Man Who Spent $6.7M Erroneous Crypto.com Refund Faces Theft Charges, Guardian Reports
25.9.2023
Jatinder Singh and his partner bought four houses, cars, artwork and other luxurious items with money they received due to an accounting error by Crypto.com, according to the Guardian
Australian Man Who Spent $6.7M Erroneous Crypto.com Refund Faces Theft Charges, Guardian Reports
25.9.2023
Jatinder Singh and his partner bought four houses, cars, artwork and other luxurious items with money they received due to an accounting error by Crypto.com, according to the Guardian
Regulator Sues Crypto Exchange Kraken Provider in Australia
22.9.2023
Australia’s securities regulator has initiated civil proceedings against Bit Trade Pty Ltd, an entity providing Kraken services to Australian users. According to the government agency, the company failed to comply with regulatory obligations meant to ensure proper consumer protection. Australian...
Australian regulator sues crypto exchange over margin trading product
21.9.2023
The regulator alleged that Bit Trade — which is the provider for Kraken in Australia — did not make a target market determination before offering its margin trading product to Australian customers
Australian Crypto Exchange Swyftx Offers Financial Incentives to Learners Completing Crypto Course
8.9.2023
The Australian cryptocurrency exchange Swyftx has said it will offer financial rewards to users who complete its crypto education course. The crypto exchange said it expects as many as 80,000 participants and has promised a reward of just over $64 for those completing the course. Improving...
Australian cardiac institutes inclined towards Filecoin
5.9.2023
The Victor Chang Cardiac Research Institute, which is a medical institute in Australia, has gone in for Filecoin for storing all of its research content. The choice stems from the fact that decentralized storage methods are increasing in popularity where the scientific community and medical...
Australian lawmakers send back crypto bill by Andrew Bragg
4.9.2023
Introduced in March 2023, Australia’s bill on digital asset market regulation has faced a series of report delays by the Senate, and it's now been sent back for amendments
Australian exchange enlists PayPal as banks ‘close ranks’ against crypto
25.8.2023
The new partnership offers investors extra choice and “mitigates the risks” of Australian crypto banking blocks, said Independent Reserve CEO Adrian Przelozny
Australian CBDC could be useful for payments, tokenization, says RBA
23.8.2023
The RBA has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency
Australia-Based Crypto Lender Sentenced for False Credit License Claims
21.8.2023
The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered...