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Proposed Australian Currency Restrictions: A Use Case for Cryptocurrencies
The Australian government is currently considering a bill that would restrict cash purchases to under AU$10,000. Many are calling the bill, targeting the black economy, a use case for cryptocurrencies. So, what does the bill say, and what does it mean for crypto?
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Reserve Bank of Australia Publishes a Brief History of Cryptocurrency
To commemorate ten years of cryptocurrency, the Reserve Bank of Australia has published a paper titled Cryptocurrency: Ten Years On. Authors of the paper are Cameron Dark, June Ma, and Clare Noon of the Australian Reserve Bank’s Payment’s Policy Department.
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Cryptocurrency and Tax Time: How Should I Prepare My Tax Return?
If you’ve been trading cryptocurrency recently, it’s time to start thinking about how it will affect your tax return. This is even more important now that the Australian Taxation Office (ATO) has declared that they will specifically target crypto traders.
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Australians Love Cryptocurrencies, Our Banks Not As Much
Australia is a great place to visit if you want to pay with cryptocurrencies. More and more businesses put a Bitcoin accepted here sign on their shop windows. And Aussies are increasingly familiar with the crypto world and blockchain technology. However, despite the regulation in the industry, Australian banks do not share this enthusiasm.
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First Ever Cryptocurrency Property Auction to Take Place in Australia
A house in Australia is going up for auction next month. There’s nothing surprising about that except for the payment method. The auctioneer will be calling the bids in cryptocurrency. It’s a world-first in real estate, according to auctioneer James Pratt.
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You Can Now Buy Australian Indigenous Art with Bitcoin
Bitcoin owners have more and more options for spending the cryptocurrency in their wallets. From the first pizza bought with Bitcoin to the wide range of products and services you can pay for with crypto, we’ve come a long way. And right now there is one more type of product you can buy with digital […]
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AUSTRAC Is Testing Blockchain-Enabled Automated Funds Transfer Instructions
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is testing a system that automates funds transfer instructions that runs on blockchain. The financial intelligence agency is collaborating with Swinburne University of Technology on this experiment that will run for 12 months. If it proves to be successful, it will speed up fund transfers issued by […]
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South Australian Government Adopts Blockchain Technology for Upcoming Elections
The government of South Australia will organise the first elections based on blockchain technology. The government awarded the contract for this important project to Horizon State. The company has a proven experience in blockchain implementation for elections.
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The Good, the Bad and the Not-So-Ugly: Looking Back at the Year in Bitcoin
2018 has been one hell of a year – so let’s look back on the top 10 moments of the Bitcoin universe.
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