2023-10-17 09:50:17

Australias Crypto Regulations and Blockchain Roadmap

Logo Coinpedia - Fintech & Cryptocurreny News Media
Coinpedia - Fintech & Cryptocurreny News Media
By Coinpedia

Australia has established a pattern of proactive cryptocurrency regulation, which deserves attention from the rest of the world. Cryptocurrencies and exchanges are legal in Australia, and the country has been progressive in its implementation of cryptocurrency regulations. For instance, digital tokens are treated as property and subject to Capital Gains Tax (CGT). Exchanges operating in Australia are required to register, identify and verify users, maintain records, and comply with government standards. And, finally since 2019, regulatory requirements for both initial coin offerings (ICOs) and cryptocurrency trading have been implemented in the country.

AD
AD

Such rules and regulations demonstrate Australia’s ongoing efforts to offer a clear framework for crypto firms to function in the years to come. The proposed framework reflects their goal to place Australia at the forefront of the international drive to rein in digital companies and would allow consumers to safely buy and sell crypto assets in a regulated environment. It promotes innovation, by cultivating trust in the industry.

Continue read on coinpedia.org

AD
Logo American Banker
Business / FinanceBy Catherine Leffert2023-10-13 19:26:03
Banks looking to deepen their crypto offerings may need to bolster their compliance, accounting and governance protocols, according to recently proposed...

Logo Kitco NEWS
EconomyBy Jordan Finneseth2023-09-30 17:06:09
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and...

Logo CoinGeek
CryptocurrenciesBy Steve Kaaru2024-09-20 01:00:27
A senator in Australia has introduced a new bill that seeks to regulate digital assets, stablecoins, virtual asset service providers (VASPs), and the use of...

Logo Investing.com
CryptocurrenciesBy Cointelegraph2024-09-21 19:00:15
Majority of crypto exchange leadership should be comprised of citizens, say Indonesian regulators Jerry Sambuaga, the deputy minister of Indonesia’s Ministry...

Logo Bitcoin.com
CryptocurrenciesBy Kevin Helms2023-10-15 23:30:35
A U.S. senator has called on the Securities and Exchange Commission (SEC) to issue crypto regulations now “through a transparent notice-and-comment...

Logo CoinGeek
CryptocurrenciesBy Wahid Pessarlay2023-10-15 07:00:09
The Financial Stability Board (FSB) has proffered a solution to the patchy regime of digital asset regulation that has characterized the industry over the...

Logo Investing.com
CryptocurrenciesBy Cointelegraph2023-10-11 23:00:16
The international monitoring body Financial Stability Board, or FSB, has proposed a comprehensive framework for cryptocurrencies aimed at addressing...

Logo Finextra
TechnologyBy Finextra2023-10-11 13:57:18
Source: FSB The Financial Stability Board (FSB) today published a proposed framework for the international regulation of crypto-asset activities. The core...

Logo Cointelegraph
CryptocurrenciesBy Cointelegraph Richard Gardner2024-09-19 19:16:51
As the world waits to see Americas take on cryptocurrency regulation, crypto enthusiasts should keep one thing in mind: The industry can trust Senator...

Logo Bitcoin.com
CryptocurrenciesBy Kevin Helms2024-09-23 03:30:34
Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges. Under revised regulatory framework, two-thirds of crypto exchange...

Logo Benzinga
CryptocurrenciesBy Benzinga Contributor2023-09-28 18:00:35
By Ben Richmond, CEO at Cube The dramatic fall of the stablecoin, Terra LUNC/USD, earlier this year has shaken the industry and raised questions about the...

Logo Finextra
TechnologyBy Finextra2024-09-27 12:56:56
On 16 September 2022, the White House has published draft of the regulation framework for the cryptocurrency industry. It was a result of President Biden's...

Logo Bitcoin.com
CryptocurrenciesBy Lubomir Tassev2023-09-30 11:30:44
A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the country’s first such joint transaction for...

Logo Investing.com
CryptocurrenciesBy Cointelegraph2023-10-15 21:00:17
This month, the European Union (EU) agreed on the text for a unified licensing regime for cryptocurrency exchanges to operate across the EU bloc as part of...

Logo Invezz
CryptocurrenciesBy Benson Toti2024-09-19 18:45:39
By: Benson Toti Benson is a News Reporter at Invezz handling breaking news, interviews and market analysis. He made his first investment… read more. on Sep...

Logo Benzinga
CryptocurrenciesBy Murtuza Merchant2024-09-19 14:25:35
Sam Bankman-Fried's cryptocurrency exchange FTX is operating in the United Kingdom without authorization, the Financial Conduct Authority (FCA) on Monday...

Logo Bitcoin.com
CryptocurrenciesBy Lubomir Tassev2023-10-13 11:30:42
Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new...

Logo Investing.com
CryptocurrenciesBy Coin Edition2023-10-06 13:30:07
Singapore Says Not All Crypto Operations Are Regulated Singaporean regulators have warned that not all crypto-related operations are regulated in the nation....

Logo CoinGeek
CryptocurrenciesBy Steve Kaaru2023-10-04 01:00:00
The Philippines Securities and Exchange Commission (SEC) has issued a warning against Lodi Coins, a digital asset project that promised investors 10x gains....

Logo AMBCrypto
CryptocurrenciesBy Suzuki Shillsalot2023-10-04 21:00:00
The Blockchain Technology Association of Nigeria (SiBAN) has urged the Central Bank of Nigeria (CBN) to reconsider its current anti-crypto policy that...