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Financial Officer at SKM Recycling Jailed for Siphoning Off $168,000
25.10.2019
In a new development that will come as a shock for Australian businesses, an employee of SKM Recycling has been jailed for having swindled $168,000 from the company. The employee in question, Delwyn Burgess siphoned off company money and then transferred it to personal accounts. She was employed...
Bitcoin Cash Outshines BTC Retail Spending in Australia by a Wide Margin
13.10.2019
The BCH-centric web portal Bitcoinbch.com published on October 13 an in-depth report that shows the aggregate of cryptocurrency expenditure for Australian retail businesses. According to the 10-page document, BCH transactions in the country exceed BTC transactions by a wide margin and BCH is...
Emergent Coding, Adoption Incentives and Practical Use – Bitcoin Cash City, Day 2
5.9.2019
The Bitcoin Cash City conference in North Queensland has just wrapped up, and participants are now unwinding after two consecutive days of presentations, product demos, free gifts, and plenty of food. Tomorrow, September 6, there will be a special workshop for developers, and then the conference...
Australian Tax Office has sent out Warning letters to Investors who have invested 90% of Retirement Savings in Cryptocurrencies
18.8.2019
The ATO (Australian Tax Office) has sent cautioning letters to investors who have invested most of their retirement investment funds in cryptocurrencies. As per a local news agency, the Australian Tax Office has sent letters to caution approximately 18,000 SMSFs (Self Managed Super Funds) in...
PR: New FATF Rules See VASP Industry Convene for V20 Summit
26.6.2019
As the Financial Action Task Force (FATF) prepares to roll out a new set of rules to increase reporting requirements on cryptocurrency transactions at the G20 Leaders’ Summit this month, a collective of international industry associations have led an initiative to convene Virtual Assets Service...
PR: Legislators Support V20 Summit in Response to New FATF Rules
18.6.2019
Legislators have shown their support for the V20 Summit which is set to take place alongside the G20 Leaders Summit in Osaka, Japan, 28 & 29 June 2019. The event will convene G20 representatives, national blockchain associations, the world’s leading Virtual Asset Service Providers (VASPs)...
Australian Securities Watchdog Updates Guidance on ICOs and Crypto Assets
30.5.2019
ASIC, the Australian securities regulator, has updated its guidance for businesses involved with initial coin offerings and crypto assets
Aussie Govt. Employee Charged for Mining Cryptos for Personal Gains
22.5.2019
An Aussie govt. employee has been charged for mining cryptos by modifying govt. computers for his personal gains. The name of the person has not been revealed yet. This person has been accused of mining cryptos that were worth more than AU$9,000 (US$6,184) for his own gains. The Australian Federal...