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The Australian market has also seen the rise of local cryptocurrencies and blockchain projects. [6] Australia boasts the highest rate of cryptocurrency adoption (23%) among developed nations, ranking eighth worldwide. This rate surpasses the estimated adoption rates in the United States (16%) and the United Kingdom (12%), as reported by ...
In March 2023, Independent Reserve acquired a cryptocurrency exchange brand Bitcoin.com.au in a deal worth $3 million. [22] In August 2023, Independent Reserve signed a partnership with PayPal , [ 23 ] to enable users to send Australian dollars using a credit card or their PayPal account.
The law on cryptocurrency transactions must comply with the anti-money laundering law; and measures to protect users investors. The Payment Services Act defines "cryptocurrency" as a property value. The Act also states that cryptocurrency is limited to property values that are stored electronically on electronic devices, not a legal tender ...
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.
A gang of cryptocurrency fraudsters based in Lancashire have been ordered to pay back £24.5m to the victim of their theft. The fraud began in 2017 when James Parker from Blackpool discovered a ...
NEW YORK (Reuters) -New York Attorney General Letitia James on Friday expanded her lawsuit against Digital Currency Group and other cryptocurrency defendants, tripling the size of their alleged ...
Many of Australia's top financial institutions have not engaged with the high-risk cryptocurrency sector despite its huge growth in the past year. A senate report called on https://www.reuters.com ...
Australian Federal Police (AFP), and which may then communicate information to foreign law enforcement agencies, with appropriate undertakings; State and territory police services [broken anchor] Australian Security Intelligence Organisation (ASIO) Australian Criminal Intelligence Commission; Australian Securities and Investments Commission (ASIC)