Cryptocurrency Analysis and News Portal
The Australian Department of Home Affairs stated that the country lacked the technical capabilities to implement a system that complies with the travel rule proposed for cryptocurrencies. The Department concluded this in an appearance before the Senate in Australia last Friday. However, the Australian Department also stated that, if implemented,
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Sweeping legislation allowing officials from the Australian Federal Police and Australian Criminal Intelligence Commission to target suspected criminals online has passed through the country’s parliament with bipartisan support.On August 25, the Identify and Disrupt bill passed through Australia’s Senate, introducing three new warrants allowing authorities to take unprecedented action against
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As crypto breaches mainstream finance, authorities have started issuing warnings to citizens against unregistered crypto businesses. Joining this list is the Australian Securities and Investments Commission (ASIC) as it Australian investors to be wary of unlicensed entities that offer financial products.In a statement released by the ASIC, the regulator advised Australian
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Cryptocurrency exchange Crypto.com has launched a free tax reporting service for users based in Australia. In an announcement today, Crypto.com said it had tailored its existing tax services for United States- and Canada-based crypto users to allow Australians to accurately report cryptocurrencies on their taxes. The exchange said it worked with
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Jack Dorsey’s Square will be acquiring Afterpay, which is a “buy now and pay later” firm in a deal worth $29 billion. Jack Dorsey, CEO of Twitter Inc, is all set to purchase Afterpay, a company that offers an option to buy now and pay later to its
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Jack Dorsey’s cryptocurrency-friendly digital payments firm Square is expanding competition with global payment giants like PayPal by acquiring a major Australian lending company.Square announced Sunday that the firm has entered into a scheme implementation deed to acquire all of the issued shares in fintech company Afterpay in a $29 billion
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Conservative Australian senator, Andrew Bragg, has asserted that Australia must introduce better regulations for crypto assets if the country is to “stay ahead of the game” and foster innovation.Appearing on Sky News, the member of the ruling Liberal Party — who is chairing a senate inquiry into Bitcoin and other
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A team based out of Sydney, Australia is building what it claims is the world’s first “Shariah-guided” decentralized finance platform to navigate a course between the advantages of DeFi and the beliefs of Islamic finance.The Marhaba Decentralized Financial Platform — Marhaba translates to “welcome” in Arabic — is expected to
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Australian cricket legend Brett Lee and leading sportsbook Sportsbet have donated 1 Bitcoin each in an effort to provide much-needed aid to India during the ongoing Covid pandemic crisis. The money will be used for general aid and to help to provide India with general medical supplies. Having spent a
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An Australian senate committee has published a report calling for a blockchain-based national land registry, better clarity over laws relating to smart contracts, and continued efforts to establish international standards for DLT.The Select Committee on Australia as a Technology and Financial Centre's second interim report offers 23 recommendations spanning blockchain,
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