Australia

Australia

Bitcoin Group Scolded by Regulator After IPO Statements

The Australian Securities and Investments Commission (ASIC) has banned a bitcoin company from issuing statements on its proposed initial public offering (IPO) until a formal prospectus has been lodged. The ban was imposed following a post by Melbourne-based Bitcoin Group on social media platform Wechat to gauge interest from investors if the company were to be listed on the […]

Business  ·  13 February 2015
CoinJar

CoinJar Tackles Bitcoin’s Volatility with New ‘Hedged Accounts’

Australian bitcoin finance company CoinJar has introduced pegged accounts in an attempt to shield customers from bitcoin’s volatility. The new accounts, which CoinJar is calling “Hedged Accounts”, will allow users to peg the price of bitcoin against fiat currencies, such as the US dollar, Australian dollar, pound and euro. Asher Tan, CoinJar‘s CEO, explained that the new option would benefit those […]

Business  ·  10 February 2015
Australia

Diamond Circle Suspends Operations Amid Cash Crisis

Citing a lack of capital, Australian bitcoin hardware manufacturer Diamond Circle has suspended operations pending a buyer for its assets.

Markets  ·  6 February 2015
Exchanges

CoinJar Redesigns iOS Wallet App for More Social Experience

CoinJar's updated mobile app is simple to use and allows faster payments to all addresses, plus fiat currency transfers between CoinJar accounts.

Business  ·  4 February 2015
Exchanges

Australian Bitcoin Exchange Claims Exemption from 10% Government Tax

Bitcoin exchange Coin Loft says it has beaten Australia's tax imposition on bitcoin trades with a private ruling from the government.

Business  ·  3 February 2015
Regulation

Australian Regulator: Bitcoin is Not a Financial Product

The Australian Securities and Investments Commission has issued temporary guidance for bitcoin businesses.

Policy & regulation  ·  16 December 2014
Exchanges

Living Room of Satoshi Reopens After Sales Tax Issues

Bill payment service Living Room of Satoshi, which closed in October due to Australian tax regulations, is back online.

Policy & regulation  ·  15 December 2014
Exchanges

CoinJelly Exchange to Close Customer Bitcoin Accounts Within 24 Hours

Bitcoin exchange and wallet service CoinJelly has said it has been acquired and will close user accounts within 24 hours.

Business  ·  11 December 2014
Exchanges

Bitcoin Exchange Igot Expands to Over 40 Countries

Australia-based exchange igot is opening up its services to over 40 countries, including all of the EU and parts of the Middle East and Africa.

Business  ·  4 December 2014
Crime

Australian Federal Investigators Look at Bitcoin’s Organized Crime Role

The Australian Crime Commission has launched an official investigation into bitcoin's role in organized crime activity, called 'Project Longstrike'.

Policy & regulation  ·  3 December 2014
Regulation

MasterCard Seeks ‘Level Playing Field’ for Bitcoin Regulation

MasterCard has spoken out against bitcoin's perceived risks and called for a regulatory "level playing field" for payments systems including bitcoin.

Policy & regulation  ·  2 December 2014
Exchanges

Bitcoin Startup CoinJar Cites Tax as Influence on UK Relocation

Australian bitcoin exchange and payment processor CoinJar is relocating its headquarters to London, citing a more favorable tax environment.

Business  ·  1 December 2014
Regulation

Australian Senate Hearings into Digital Currencies to Start Wednesday

The Australian Senate will hold its first hearing into the economic and technological impact of digital currencies this Wednesday.

Policy & regulation  ·  24 November 2014
Regulation

Australian Government: Welfare Applicants Must Declare Bitcoin Assets

The Australian government has mentioned bitcoin on an official pension application form, which local experts say legitimizes digital currency.

Policy & regulation  ·  14 November 2014
Australia

Richard Branson Backs Digital Currency Ahead of Australia Summit

Sir Richard Branson has voiced his support for bitcoin ahead of the GDCC forum in Brisbane, Australia, this Sunday.

Business  ·  13 November 2014