Fred Schebesta, a 26-year old entrepreneur who co-founded comparison website Finder.com, wants to open a crypto bank in Australia. Continue reading Australian Tech Entrepreneur Plans Crypto Bank Launch
Australian consumers lost approximately $2.1 mln to cryptocurrency scams last year, according to the Australian Competition and Consumer Commission’s (ACCC) annual scams report published May 21. Continue reading New Report Calculates Money Lost to Crypto Scams in Australia Last Year
Sydney will become a blockchain capital on May 29, as the Blockchain & Bitcoin Conference Australia with top experts will take place. The event will gather trusted and respected blockchain leaders from the biggest corporations, who will answer questions regarding digital coins and initial coin offering.
Newly implemented regulations from Australia’s financial intelligence agency, AUSTRAC, has mandated domestic cryptocurrency exchanges to register with the authority before mid-May 2018. Continue reading Australia Sets Registration Deadline for Cryptocurrency Exchanges
Australia’s official tax authority has warned the public of scammers purporting to be tax agents demanding cryptocurrencies like bitcoin for tax payments. The Australian Taxation Office (ATO) is alerting citizens of fraudsters impersonating the tax agency to seek payments of faux tax debts from unsuspecting victims in cryptocurrency. The scammers who purport to be ATO officials have been defrauding taxpayers since late 2017, the ATO said in a notice this week. According to ATO assistant commissioner Kath Anderson, scammers have so far conned over AUD$50,000 in bitcoin alone. Continue reading Australia Warns of Scammers Collecting Taxes in Bitcoin