Australia Archives - Page 5 of 6

More Than 1,200 Crypto-Related Scams Reported in Australia in 2017

February 28, 2018

Cryptocurrency-related scams are increasing at an alarming rate all over the world. In 2017 alone, the Australian Competition and Consumer Commission’s (ACCC) Scamwatch service has received 1289 Bitcoin-relat...

Australia Reminds Cryptocurrency Providers of Impending Legal Obligations

January 16, 2018

f The Australian Transaction Reports and Analysis Centre (AUSTRAC) has released an announcement entitled “Are you a digital currency exchange provider?” The message in the document is that the Anti-Money Laun...

Australia Reminds Cryptocurrency Providers of Impending Legal Obligations

January 16, 2018

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has released an announcement entitled “Are you a digital currency exchange provider?” The message in the document is that the Anti-Money Laund...

The Australian Tax Office Cracks Down on Crypto

January 11, 2018

According to a recent report from the Australian Financial Review, the Australia Australian Tax Office is working with a “top team of industry specialists” to learn more about the basics and practicalities of...

Australian Banks Allegedly Blocking Cryptocurrency Transactions, Freezing Accounts

December 31, 2017

Customers of four major Australian banks are complaining that their cryptocurrency-related transactions are being blocked, according to the Sydney Morning Herald. The banks in question are National Australia...

Global Cryptocurrency Regulation Update

December 11, 2017

As the cryptocurrency industry spreads across the globe and grows in popularity, governments are forced to take notice. Their responses continue to vary. India Last week, the Reserve Bank of India release...

Australian Regulators Recognise the Positive Potential of ICOs

September 28, 2017

The Australian Securities and Investment Commission’s (ASIC) today released a guidance paper to help issuers of initial coin offerings (ICOs) consider their legal obligations in the country. While warning inv...

Australia Blames Bitcoin for Rise of Organized Crime

August 24, 2017

The Australian Criminal Intelligence Commission (ACIC) has found the culprit for the growth in organized crime in Australia – cryptocurrencies and online banking services. According to a recent report conduct...

Fraudulent Binary Options Brokers Scam Australians Out of $11.5m

May 15, 2017

The Australian Competition and Consumer Commission (ACCC) published its latest report detailing scam activity in the Australian financial markets for 2016. Despite concerted efforts to police markets domestic...

New Zealand FMA Joins ASIC in Warning against Banc De Binary

January 20, 2016

Several months after the Australian Securities and Investments Commission (ASIC) announced that Banc de Binary is an unauthorized service provider and that it recommends retail traders in Australia to avoid i...