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The Australian government, primarily through the Australian Securities and Investments Commission (ASIC) and the Australian Taxation Office (ATO), has created a regulatory framework that treats cryptocurrencies as property for tax purposes and imposes anti-money laundering (AML) and counter-terrorism financing (CTF) obligations on cryptocurrency exchanges.
CoinJar was among the first cryptocurrency companies in Australia to sponsor a sports team, namely the Melbourne Demons of the Australian Football League (AFL) in May 2021. [21] The company also secured a partnership with Brentford FC in the UK, expanding its brand presence through sports affiliations.
Bitcoin.com.au is an Australian cryptocurrency exchange platform founded in by Rupert Hackett, [25] then purchased from Banxa by Independent Reserve in 2023. On 20 June 2016, Bitcoin.com.au partnered with BlueShyft. [26] On August 2, 2017, the platform raised $815,000 in series A funding to expand globally and added Ethereum and XRP to its ...
The Australian Transaction Reports and Analysis Centre (AUSTRAC) said its findings showed cryptocurrency was increasingly being exploited for money laundering, scams and money mule activities.
Australia’s first cryptocurrency exchange-traded funds (ETFs) are set to go live on Thursday May 12 on the country’s Cboe exchange after delays kept the financial products off the market for ...
Australian cryptocurrency exchange Swyftx cut 90 staff members — or 40% of its workforce — to prepare for a “worst-case scenario” in the market from the collapse of FTX.com.
One of the first cryptocurrencies to use scrypt as a hashing algorithm. 2011 Namecoin: NMC Vincent Durham [11] [12] SHA-256d: C++ [13] PoW: Also acts as an alternative, decentralized DNS. 2012 Peercoin: PPC Sunny King (pseudonym) [citation needed] SHA-256d [citation needed] C++ [14] PoW & PoS: The first cryptocurrency to use both PoW and PoS ...
Australia’s national consumer watchdog has warned that cryptocurrency trading scams have grown ‘significantly’ over a 12-month period and are now the second most-common kind of investment ...