Tag: Australia

Australia May Fully Legalize Bitcoin

Local sources in Australia including the Sydney Morning Herald report that Labor and Coalition senators have officially requested that the Reserve Bank of Australia legalize and adopt bitcoin as an official form of currency. Bitcoin Down Under Labor senator Sam Dastyari and Liberal senator Jane Hume announced that their bipartisan push had crossed the political divide and awaits final approval from the country’s central bank. The two senators also told the Reserve Bank …
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An Australian Man Faces Charges for Importing Dark Net Drugs

A 31-year-old, South Australian man was arrested for importing drugs into his country by ordering them from a darknet market. The resident from Port Neill was taken into custody after the ABF and South Australian law enforcement fulfilled several search warrants at locations in Adelaide, as well as the Eyre Peninsula. The darknet has become well known as of late, being in the headlines more and more as users switch …
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Will The New Australian Financial Cyber Unit Focus On Bitcoin?

The Australian government has unveiled its plans to create a new cyber intelligence unit to take on terrorist financing and money laundering. To be more precise, this new unit will primarily target online payment methods, to reduce fraud. But it is not unlikely they will keep a close eye on Bitcoin as well. AUSTRAC Has Big Plans For Online Payment Fraud With online payment fraud and money laundering on the …
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Coinbase expands services to Australia and denies upcoming ETC support

Coinbase, which is infamously known as the world’s largest bitcoin exchange and wallet service, has recently announced their plans to expand their services to Australia. In a recent blog post, Coinbase stated that Australians can now buy bitcoin and Ether by using their debit and credit cards. Unfortunately, at this moment in time, customers from this region are unable to sell digital currency. It’s likely that Coinbase will grant users …
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