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Australian Authorities Charge Woman Over Darkweb Bitcoin Drug Buys

Australian federal authorities have pinned multiple charges on a 32-year-old Brisbane woman for purchasing illicit drugs from the United Kingdom, using bitcoin. ‘People shouldn’t assume the dark web is invisible to Australian agencies’ warned Australian Border Force (ABF) Queensland regional commander Terry Price while announcing details of a joint-investigation with the Australian Federal Police ...
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Australia Sets Registration Deadline for Cryptocurrency Exchanges

Newly implemented regulations from Australia’s financial intelligence agency, AUSTRAC, has mandated domestic cryptocurrency exchanges to register with the authority before mid-May 2018. In an announcement on Wednesday, the Australian Transaction Reports and Analysis Centre (AUSTRAC) reminded cryptocurrency exchange operators of their obligation for compliance with the authority after new regulatio...
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Aussie ‘Silicon Valley’: Hunter Energy Partners IOT for Blockchain Hub

NSW’s Hunter Valley region is where wine is embedded into the culture, and now it may be transforming into a cryptocurrency mining hub, too. Australia’s Hunter Energy and publicly traded IOT Group have inked a partnership to develop a blockchain center at the dormant Redbank power facility, which is located a couple of hours outside of The post Aussie ‘Silicon Valley’: Hunt...
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Australian Cryptocurrency Exchanges are Under Regulation, Starting Today

Australia’s financial intelligence agency and watchdog has reminded domestic cryptocurrency exchanges of their new regulatory obligations that includes registration, effective today. In an announcement today, the Australian Transactions and Reporting Analysis Centre (AUSTRAC) has told domestic DCE (digital currency exchange) businesses of their mandatory requirement to meet anti-money laundering a...
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Australia Seeks Public Input on its Tax Treatment of Cryptocurrencies

Australia’s official taxation department has opened a public consultation to hear feedback about its tax guidelines on cryptocurrencies. In a statement this week, the Australian Taxation Office (ATO) confirmed an update of its cryptocurrency tax guidance after admitting to fielding a number of community queries ‘about how to approach specific tax events.’ In light of The post Australia Seeks Publi...
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83% of Australian Cryptocurrency Investors are Male, Study Shows

A study of Australian cryptocurrency traders has discovered that 8 out of ten are men. The study examined data from seven cryptocurrency trading exchanges spanning a period of 12 months. More than 83 percent of the registered 312,633 traders were male, according to the work by the Australian Digital Commerce Association and Accenture (ADCA). Whilst the The post 83% of Australian Cryptocurrency Inv...
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Australia Warns of Scammers Collecting Taxes in Bitcoin

Australia’s official tax authority has warned the public of scammers purporting to be tax agents demanding cryptocurrencies like bitcoin for tax payments. The Australian Taxation Office (ATO) is alerting citizens of fraudsters impersonating the tax agency to seek payments of faux tax debts from unsuspecting victims in cryptocurrency. The scammers who purport to be ATO The post Australia Warns of S...
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