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“# Australian Tax Office says it can’t rely on crypto users’ own records ” The Australian Tax Office (ATO) says it can’t rely on crypto investors to keep track of their crypto transactions and profits — even though most investors try their best. Speaking at the 14th International ATAX Conference on Tax Administration conference on…
“# Australia’s Rest Super retirement fund to invest in crypto for its 1.8M members ” Australian superannuation fund Rest Super is set to become the first retirement fund in the country to invest in cryptocurrencies. The fund has more than $46.8 billion worth of assets under management (AUM) and around 1.8 million members. Superannuation is…
“# ASIC chair Longo calls the growing demand for crypto ‘impossible to ignore’ ” Joe Longo, chair of the Australian Securities and Investments Commission, or ASIC, spoke at the Australian Financial Review Super and Wealth Summit on Monday at the Fullerton Hotel in Sydney. The rise of crypto, he said, has been “nothing short of…
“# Commonwealth Bank of Australia recognizes risks in missing out on crypto ” Matt Comyn, the CEO of the Commonwealth Bank of Australia (CBA), said that the bank is more concerned about the risks of missing out on crypto than those associated with its adoption. The CBA is set to become the first of the…
“# Proposed tightening of Australian crypto regulations could stifle competition: Kraken ” With crypto regulation reportedly set to ramp up in Australia over the next 12 months, Kraken Australia’s Managing Director Jonathon Miller thinks that a strict crypto regime could stifle local competition. The Senate Committee on Australia as a Technology and Financial Center, led…
“# Australian Senator says DeFi is ‘not going away any time soon’ ” Senator Jane Hume has stated that decentralized finance (DeFi) “presents huge opportunities” for Australia to cement its place as a “front-runner for innovation and economic progress.” Senator Hume spoke at the Australian Financial Review Super & Wealth Summit in Sydney on Monday,…
“#’Pirates Bay’ for NFTs offers free downloads for thousands of pricey images” Why shell out hundreds of thousands of dollars for a digital image when you can just download it for free? That’s the message behind a new site that has made thousands of non-fungible tokens — or NFTs — available to download for free….
“# Reserve Bank warns Aussies over punting on ‘fad driven’ cryptocurrencies ” The Reserve Bank of Australia (RBA) has warned Aussie investors about speculating on digital assets as it casts doubt over the entire crypto sector. During a Nov. 18 address to the Australian Corporate Treasury Association, the RBA’s head of payments policy Tony Richards…
“# 1.2M users flock to NFT Pirate Bay for artwork archive ” An Australian software developer has created an online repository of non-fungible tokens (NFTs) called the “The NFT Bay”. The repository includes JPEG versions of the NFTS, not the blockchain-secured token itself. Adelaide resident Geoffrey Huntley launched The NFT Bay 10 hours ago containing…
“# Australian baseball club Perth Heat to pay athletes in Bitcoin ” Australian baseball club Perth Heat has announced a partnership with Bitcoin payment processor OpenNode to accept and make payments in Bitcoin (BTC). The partnership allows Perth Heat to pay professional players and staff in Bitcoin. According to the announcement, the professional sports club…