Tag: Australia

Australian Government to Auction Nearly US$18 Million Worth of Bitcoin

The Department of Justice and Regulation of the Australian state Victoria, is set to auction nearly US$18.5 million after seizing 24,518 bitcoin from a convicted Melbourne drug dealer. The Australian reports that professional services firm Ernst and Young is handling the 48-hour auction of the seized digital currency and stated that the local government will benefit from a massive windfall, as the total amount of seized bitcoin was only worth …
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Australians Can Now Purchase Bitcoin with Cash at 1200 Newsstands

Sydney-based digital payments platform Blueshyft has partnered with Australian bitcoin exchange Bitcoin.com.au, to give consumers in Australia the ability to purchase Bitcoin with cash at over 1200 newsstands across the country. Blueshyft’s payment platform features an easily accessible iPad terminal that consumer can use to purchase the digital currency. At launch, the minimum transaction amount is set at $50 AUD, with consumers paying a 4% service fee. However, Rupert Hackett, …
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Australian Government To Reduce GST on Bitcoin Transactions

In times like these, people would almost forget there is Bitcoin news that does not revolve around Satoshi Nakamoto. A Tax cut on Bitcoin has been announced in Australia, and the local government wants to test other intangible currencies as well. Australia Warms Up To Bitcoin The relationship between the Australian government and Bitcoin has not been an easy one over the past few years. In fact, Australia is one …
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Computershare Showcases Blockchain Securities Register in Australia

Australian securities register Computershare has announced a partnership with UK-based blockchain developer SETL. The announcement was made at today’s Computershare investor briefing. According to a report by The Sydney Morning Herald, the partnership will bring a blockchain-based securities register to Australia. At the investor briefing, Computershare CEO Stuart Irving dismissed fears that blockchain technology will make firms like Computershare obsolete in the long run, calling the speculative assertions “ill-informed” statements …
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