Australia News

60 Cases of Crypto Tax Avoidance Under Investigation
60 Cases of Crypto Tax Avoidance Under Investigation
07 June 2019, 15:00
The J5, a group of tax regulators from Australia, the United States, the U.K., the Netherlands, and Canada reported progress in the war against people using cryptocurrency to evade taxes.
Australia Updates Guidance for ICOs and Crypto Firms
Australia Updates Guidance for ICOs and Crypto Firms
30 May 2019, 16:04

The Australian Securities and Investments Commission (ASIC) today announced the release of updated guidance for businesses involved in Initial Coin Offerings (ICOs) and cryptocurrencies.

Australian Govt. Worker Face Jail-term for Mining Crypto
Australian Govt. Worker Face Jail-term for Mining Crypto
21 May 2019, 21:27

The Australian Federal Police (AFP) confirmed in a May 21 press release that an unnamed 33-year-old man who formerly worked as an IT contractor for the government is set to appear before the Sydney Local Court today.

Alex Saunders’ to Make Australia Regulate ICOs and Crypto
Alex Saunders’ to Make Australia Regulate ICOs and Crypto
21 March 2019, 22:46
“The [government] doesn’t understand it all. For them, BitConnect [a popular crypto scam] is the same as every other ICO.” Alex Saunders wants to change that opinion.
Crypto Fund Manager Stefanos Papanastasiou Charged for $14.2 Million Losses
Crypto Fund Manager Stefanos Papanastasiou Charged for $14.2 Million Losses
19 March 2019, 21:12
Mr. Stefanos Papanastasiou allegedly traded Bitcoin and Ethereum for Alexiadis and some prominent business figures and lawyers in the lead up to the bull market run in late 2017.
Australian Authorities Halt Two Crypto Exchanges; Arrests Drug Trafficker
Australian Authorities Halt Two Crypto Exchanges; Arrests Drug Trafficker
08 March 2019, 16:49
Two crypto exchanges halted in Australia for allegedly helping a drug trafficker move money around. Is this justified?
Australia Freezes BitConnect Promoter's Assets
08 January 2019, 11:18
A little less than one year after BitConnect, a cryptocurrency based Ponzi scheme was busted, its chief representative, John Biggaton is facing a fresh Federal Court case filed by the Australian Securities and Investments Commission (ASIC).
G20 To Align Crypto Regulations With FATF
G20 To Align Crypto Regulations With FATF
03 December 2018, 16:25
At a just-concluded G20 Summit held in Buenos Aires, Argentina, the body announced as part of its written declaration that they “will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed”.