Tag: Australia

Australian Parliament to Vote on Anti-Money Laundering Bitcoin Bill

The last few weeks have seen numerous countries propose and debate Bitcoin regulation. Recent reports now indicate that this week, the Australian Parliament will vote on a bill meant to further strengthen the country’s laws against money laundering. Exchanges to register with AUSTRAC To put things into perspective, the proposed laws mainly consist of granting the financial intelligence regulator of Australia, AUSTRAC, a bit more power, thereby allowing the institution to check up on …
[Read More]

Australian Fintech Startups Want a Central Bank Digital Currency

Multiple banks are actively contemplating the idea of creating their own digital currencies. Surprisingly enough, Australia is one of the places where such efforts may take off sooner rather than later. A digital dollar makes some sense to the Australian fintech sector, although it remains to be seen if this venture will be officially pursued in the end. Australian Fintech Startups Unveil Bold Plan In most cases, one would expect a country’s central bank …
[Read More]

Australian Government Faces Scrutiny Over New Facial Recognition Measures

Any new proposal signed by politicians related to facial recognition technology will be met with a lot of scrutiny. Consumers are slowly becoming more privacy-aware, which means they will not respond kindly to any invasive measures whatsoever. Australian prime minister Malcolm Turnbull has claimed his country’s automated face-matching regime under anti-terrorism rules will not invade individuals’ privacy. His country’s citizens are hardly convinced that is the case, though. Australia Sets a Disturbing Facial …
[Read More]

Australian Bullion Dealers and Students Show Increased Interest in Bitcoin

People often like to draw parallels between Bitcoin and gold. In the minds of many industry experts, both assets are direct competitors. That is rather strange, considering Bitcoin and gold could hardly be less alike. That does not mean there is no relationship between Bitcoin and bullion, even though that relationship’s nature may be surprising to some. One Australian gold seller figured it would be a good time to expand his business …
[Read More]