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
Australian cryptocurrency exchange Bitcoin.com.au has made buying Bitcoin (BTC) and Ethereum (ETH) for fiat possible in more than 1,200 newsstands across Australia starting Thursday, March 1, local news outlet 9Finance reports. Bitcoin.com.au, which has been in operation for around 18 months, describes itself on its website as “one of the first independent Bitcoin exchange networks in Australia.” Today, March 1, is the first time the exchange has offered purchases of ETH, having previously only hosted BTC transactions on its site. Rupert Hackett, CEO of Bitcoin.com.au, sees introducing BTC and ETH for purchase in more in familiar retail environments as a way to make people more comfortable with cryptocurrencies in general. In order to buy crypto from a participating Australian newsstand, consumers need to first acquire a crypto wallet, and then scan their wallet’s QR code with the newsstand’s iPad mini. The exchange has set up a minimum buy of 50 AUD (about $39 USD) worth of BTC or ETH.
Australia’s biggest banks have ruled out any notion of barring customers from buying cryptocurrencies like bitcoin. In marked contrast to a handful of US-based Wall Street banks and one major UK banking group, Australia’s traditional ‘big four’ banks won’t be withholding their customers from buying cryptocurrencies using their banks’ services, including credit cards, Australia’s ABC news reports. While Australia and New Zealand Banking Group (ANZ) rejects dealing with businesses operating as ‘issuers, dealers or exchanges’ of cryptocurrency due to their unregulated nature, the bank has no qualms about its customers buying cryptocurrencies with their money.