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Australian Securities Exchange Delays Switch to Blockchain Due to COVID-19

The Australian Securities Exchange (ASX) has once again delayed its transition to the blockchain, due in part to uncertainty around the impact of the global COVID-19 pandemic.In an announcement published on March 25, ASX said it was replanning its blockchain implementation timetable in light of the unfolding crisis, as

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Chrono Tech Launches Australian Dollar Stablecoin in Spite of ‘Big Four’ Banks

Australian blockchain firm, Chrono Tech, has been experiencing difficulties securing a banking partner amid the launch of an Australian dollar (AUD)-pegged stablecoin earlier this month.The AUD Token (AUDT), available on Chrono Tech’s platform, can be redeemed 1:1 for Australian dollars held by a licensed Australian bank. However, as Chrono

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Australian Judge Says Crypto Is a Legitimate Investment Vehicle

As part of a defamation case in front of the New South Wales, or NSW district court, Judge Judith Gibson allowed cryptocurrency usage as collateral.“This is a recognized form of investment," Gibson said of cryptocurrency, also acknowledging its volatility, according to a brief from the Australian Associated Press.The plaintiff

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Australian Minister Slams Gov’t for Weak Response to Ransomware ‘Epidemic’

On Feb. 24, Tim Watts, Australia’s Shadow Assistant Minister for Cybersecurity, has published an article in the Financial Review on Feb. 24, criticizing the country’s government for its response to the 2019 “ransomware epidemic.”Watts states that Australia was not immune to last year’s ransomware outbreaks, citing a Victorian government

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Australian Government Eyes Business Benefits in New National Blockchain Roadmap

The Australian government recently unveiled plans to ramp up innovation through blockchain technology with an updated national roadmap, released Feb. 7.The Ministry for Industry, Science, Energy and Resources has formulated a new national strategy aimed to capture the potential value generated via business-related blockchain activity, with a particular focus

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Australian Authorities Seize Cryptocurrency ATM and Arrest Man in Crypto Investigation

Australian investigative authorities have arrested a man on charges of unregistered digital transaction of cryptocurrency. The Electronic crime squad of Australia made the arrest on 12th November in Cairnlea, as the 38-year-old man was arrested and escorted from his residence in the district. The investigation also led to a seizure

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