Australia

Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash

</header> <strong>In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover China quarantining yuan bills, its central bank filing 84 digital currency patents, …

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Australian court orders Google to reveal user who wrote a dentist’s bad review

Sponsored Links Raymond Boyd via Getty Images A federal court has ordered Google to identify an anonymous user who left a bad review of an Australian dental surgeon’s practice, according to the Australian Broadcasting Corporation. He said the patient hurt his business by advising other users to “stay away” from a procedure while calling it …

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Australia’s Blockchain Roadmap Isn’t Music to Everyone’s Ears, Draws Criticism

So far, 2020 has been a year of cryptocurrency regulation: The European Union, the United Kingdom and Singapore have officially introduced their approaches to the burgeoning industry. Now, Australia has published its national roadmap, hoping to become a global blockchain leader.  Last Friday, Australia’s Department of Industry, Science, Energy and Resources launched the national blockchain …

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Australia to Release National Blockchain Roadmap After Year of Preparation

The Australian government is going to launch its national blockchain strategy on Friday, Feb. 7, following a nearly year-long preparation. It has been almost a year since the country’s Ministry for Industry, Science and Technology and Ministry for Trade, Tourism and Investment announced the national blockchain strategy and roadmap last March. The new policy roadmap …

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Australian Regulator Gives Green Light to App-Based Retail Bitcoin Fund

Australia’s finance watchdog has given the go-ahead to a bitcoin fund aimed at retail investors. The first such fund in the country, the bitcoin offering is being launched by micro-investment app provider Raiz Invest Australia, reports The Australian Financial Review. The Raiz app allows users to invest the small change left over from everyday purchases …

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Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk

Following the session that took place last August, a three-judge panel from India’s Supreme Court reconvened once again this week to discuss the much-hyped Crypto v. RBI case. During the last hearing, the Supreme Court had asked the Reserve Bank of India (RBI) to clarify its position as to why exactly it enforced a nationwide …

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Kraken Acquires One of Australia’s Longest-Running Crypto Exchanges

U.S.-based Kraken announced its plans for expansion into the Asia-Pacific (APAC) region on Tuesday after acquiring one of Australia’s longest-running cryptocurrency exchanges, Bit Trade. Kraken is aiming to position itself as the premier cryptocurrency service within the region, identifying Australia as a key growth area for retail and institutional clients. The financial terms of the …

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Kraken Acquires Australian Crypto Platform Bit Trade

</header> <strong>The global crypto exchanges industry continues to consolidate as some smaller players bow out and the big players try to gobble up as much as they can of the rest. As part of this trend, Kraken has now taken over the Australian platform Bit Trade in a bit to strengthen its foothold in the …

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Australians Won’t Use Libra, Believes Central Bank

The Reserve Bank of Australia (RBA) has expressed doubt over whether cryptocurrencies, including Libra and central bank digital currencies (CBDCs), will ever become viable solutions. In a submission (pdf) to the Select Committee on Financial Technology and Regulatory Technology just before Christmas, RBA officials were skeptical that cryptocurrencies, in their current and future forms, would ever …

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Binance Donates $1 Million in Crypto for Australian Bushfire Relief

</header> <strong>The cryptocurrency community is again showing its commitment to support charitable goals around the world. Binance, the most active international digital asset exchange, has donated $1 million to help with Australian fire relief efforts and invites the community to join the initiative. The recent bushfire season is considered to be the worst in living …

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