Crypto Regulation is Among Australia’s New PM Primary Concerns (Report)

crypto-regulation-is-among-australia’s-new-pm-primary-concerns-(report)

Australia’s newly-elected Prime Minister – Anthony Albanese – reportedly has three top issues to deal with it as the new leader of the country. These include battling climate change, reducing the cost of living, and imposing comprehensive rules on the cryptocurrency industry. Crypto Included as a top Priority The Australian Labor Party won the government … Read more

Australian Banking Giant Halts Crypto Trading Pilot Amid Regulatory Uncertainty

australian-banking-giant-halts-crypto-trading-pilot-amid-regulatory-uncertainty

Commonwealth Bank (CommBank), the largest bank in Australia, has reportedly suspended its planned in-app cryptocurrency trading pilot without setting a new timeframe for when it would resume the service. CommBank Pauses Crypto Services at Pilot Phase According to the Guardian Australia, on Thursday (May 19, 2022), Matt Comyn, the chief executive officer of the Commonwealth … Read more

Australia to Focus on Crypto Taxation This Year

australia-to-focus-on-crypto-taxation-this-year

The Australian Taxation Office (ATO) announced Monday that it will focus on digital assets this year as it expects to see more Aussies report capital gains or losses in their tax returns. Aussies Are Engaging With Crypto The tax regulator treats crypto assets as digital property, hence Aussies who sell their digital assets, including non-fungible … Read more

Australia’s First Spot Bitcoin ETF To Launch This Week

australia’s-first-spot-bitcoin-etf-to-launch-this-week

On Thursday, two separate bitcoin ETFs will launch, one allowing direct access to bitcoin while the other offers shares in a company that offers spot-bitcoin exposure. Two bitcoin ETFs in Australia are set to launch this Thursday, May 12. The 21 Shares Bitcoin ETF will offer direct access to bitcoin backed by BTC in cold … Read more

Bitcoin ETFs Launch In Australia As Market Goes Red

bitcoin-etfs-launch-in-australia-as-market-goes-red

Two new bitcoin ETFs launched today in Australia, a spot bitcoin fund directly acquiring bitcoin and a de-facto fund of funds. Australian bitcoin ETFs went live on Thursday. Both a spot bitcoin fund, the country’s first, and a fund of funds launched on the Australian Cboe. The launch was a timid one amid a broader … Read more