Australia’s third largest state by population, Queensland, has embarked on a mission to encourage the growth and utilization of cryptocurrencies in the country and in order to do that, they are backing up small crypto and blockchain startups in the country. Since a great deal of the internet community now possesses digital assets, Australia is…
US-based cryptocurrency exchange Coinbase has partnered with WeGift to launch a gift card service that will enable users to withdraw and spend digital currencies directly with ease. A report on their blog confirmed the latest partnership with the London-based company and revealed further details about what users could do with the e-gift card service. Customers…
During a recent Australian Business Economists forum, the Head of Payments Policy Department for the Reserve Bank of Australia, Tony Richards, had a lot to share on cryptocurrencies and distributed ledger technology in the Reserve Bank’s perspective. Of particular interest was whether the bank might consider issuing a digital version of the Australian Dollar. According…
The last couple of months have encouraged several countries to find ways of regulating Bitcoin and other digital currencies, in order to lower the number of abuses, such as money laundering, or illegal financing. With this in mind, according to recent reports, it seems like Australia is planning to not only strengthen their anti-money laundering laws,…
Australian regulators will consider the Bitcoin (BTC) like ordinary currency beginning July 1, 2017. The crypto currency will no longer be subjected to double-taxation. This double taxation scheme is the levying of taxes on two or more jurisdictions on the same declared income for income taxes; assets for capital taxes; and, financial transactions for sales…