Tag Archives: Australia

The Australian Securities and Investment Commission (ASIC) has banned an Australian national from working in the financial sector. According to the watchdog, John Louis Anthony Bigatton operated as the Director of Australia Promotions for the notorious cryptocurrency scam – BitConnect.Aussie National Banned For BitConnect ParticipationAs CryptoPotato reported last year, the Australian corporate regulator cracked down on the alleged BitConnect promoter John Bigatton. At the time, the Federal...

Who knew that the post office wasn’t just for sending and receiving packages and letters anymore? In Australia, customers are now eligible to purchase bitcoin and cryptocurrencies from local post offices.Australia Is Bringing Bitcoin to the MassesOne of the country’s oldest establishments – Australia Post – is now teaming up with bitcoin.com.au to give customers the chance to buy bitcoin through a new feature known as Post Billpay. This feature is offered at more than 3,500 post offices...

Recent reports have it that Australians can now pay for BTC at the country’s Post offices. This is a result of a newly formed partnership between Australia Post and the local cryptocurrency exchange Bitcoin.com.au.BTC At Australian Post OfficesIt was recently reported that Australia Post and the country’s local cryptocurrency exchange Bitcoin.com.au entered into a partnership. This will result in the opportunity for people to use cash and EFTPOS payments to buy BTC directly from the post...

Coca Cola Amatil and digital asset integrator Centrapay have teamed to enable Australians and New Zealanders to buy Coca Cola with Bitcoin and other cryptocurrencies from more than 2,000 vending machines.Promoting Mass Adoption Of BitcoinAccording to a press release on Tuesday, Amatil’s customers now have Bitcoin and other digital assets as a payment option in their Sylo Smart Wallet, which they can use at any of the 2,000+ vending machines installed across Australia and New Zealand. The...

The Australian Taxation Office (ATO) is currently working on contacting hundreds of thousands of cryptocurrency investors in the country, reminding them about their tax obligations for trading digital currencies like Bitcoin over the last few years, Australia’s leading media reported Wednesday. Cryptocurrencies Are Digital PropertiesAccording to news.com.au, the tax regulator is in the process of contacting as many as 350,000 crypto traders over the next two months, either via email or post...

The Reserve Bank of Australia (RBA) says its ready to do all it can to regulate Libra and any other new “payment technologies” that make their way through the country’s borders.A Test Version of Libra Is Made AvailableAustralia has been particularly hard towards Libra in the past, citing trust issues and even hinting that the platform was going to face hardcore scrutiny due to a largely unwelcoming attitude. This latest statement suggests that Australia may be giving into the idea that Libra...

Bitcoin scams appear to be everywhere these days, but nowhere are they more prominent than in Australia, as of late.Australia Hosts Too Many of These SchemesThat’s right… The land from down under appears to be one of the biggest crypto scam havens on planet Earth. Among the latest scam cases involves a young woman named Kate – an alias, as the person being interviewed wanted to remain anonymous – who invested as much as $4,000 into a bitcoin investment scheme based out of Kiev in the...

The Australian government is taking significant steps in adopting blockchain in its daily operations. Earlier today, the country released its “National Blockchain Roadmap” to improve the nation’s productivity in different sectors.Australia Published Blockchain RoadmapLess than a year ago, the federal executive Government of Australia (the Morrison Government), announced that it will develop a National Blockchain Roadmap. With a cost of 100,000 AUD, its idea was to utilize blockchain usage in...

Australia has a plan for tackling stable coins like Libra.Are Libra and Australia At It Again?Stable coin regulation will now be in the hands of Australia’s Prudential Regulatory Authority (APRA). As part of the Australian Council of Financial Regulators, the APRA has created what’s known as the Distributed Ledger Technology Working Group as a way of governing new operations and maneuvers in the industry of decentralized finance.One of the most controversial steps taken in recent years in the...

The Australian Prudential Regulation Authority (APRA) has reportedly submitted a framework to oversee digital wallets holding large amounts of value. If approved, it would also include Facebook’s controversial stablecoin, Libra, and its digital wallet – Calibra.APRA To Oversee Calibra?Upon its announcement, Facebook’s Libra quickly attracted the attention of watchdogs. The social media mogul also created a blockchain-based digital wallet called Calibra, that would store and move the future...