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Tag Archives: Australia

Australians Can Now Buy Coca Cola With Bitcoin From Vending Machines

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...

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Australian Crypto Tader? Be Aware: Tax Regulator To Issue Audit Warnings To Local Cryptocurrency Traders

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...

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Australia Receives “Test” Version of Libra

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...

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Australia Is Being Victimized by Too Many BTC Scams

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...

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Australia Readies National Blockchain Roadmap In A Strive To Push Adoption

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...

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Australia Has A Plan for Monitoring Libra

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...

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Australian’s Bank Regulator APRA Considers Overseeing Facebook’s Calibra

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...

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No Need For Central Bank Cryptocurrency For Now, Australia Concludes

While several countries and entities are starting to consider launching their own central bank digital currencies (CBDC), Australia might be on the opposite side. The nation’s Reserve bank seems to think that there’s no current need for such a product among customers, as the payment system now is stable enough.No CBDC in AustraliaThe Reserve Bank of Australia (RBA) has been exploring the potential need of a “digital Australian dollar,” but it has concluded that there’s currently no need for...

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Major Drug and Crypto Bust Occurs in Australia

In Australia, law enforcement officials have uncovered $1 million in cryptocurrency thanks to an alleged drug bust.Australia; The Home of Crypto Crime?The drugs were hidden inside a child’s toy being sent to a region called Perth. The paraphernalia confiscated by the police included nearly 28 grams in illegal MDMA tablets along with MDMA powder. The package was allegedly sent from somewhere in the United Kingdom.Police officials examined the address the package was destined for. They then...

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$1.5 Million Worth Of Cryptocurrency Seized By Australia’s Border Force

The Australian Border Force (ABF) has recently assisted in the apprehension of a couple for allegedly transporting MDMA. After seizing all drugs, the authorities found over $1.5 million worth of cryptocurrencies, which officials believe is the most substantial amount ever caught of its kind.Drug Transportation and Cryptocurrency InvolvementThe Australian Federal Police and WA Police Force recently worked together on a case in Perth for drug transportation, according to a report. It says that...

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