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Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release

A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to…

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Australian Regulator Says Crypto Is a Debenture That Requires Regulation

The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued…

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Australian Securities Regulator Appeals Federal Court Ruling Favoring Finder Wallet

The Australian securities regulator has said it will appeal the federal court’s dismissal of its civil penalty proceedings against Finder Wallet Pty Ltd. The regulator launched penalty proceedings against the…

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Australian Asset Management Firm Transfers Bitcoin ETF Application to Cboe Australia

Monochrome Asset Management, an Australian investment management firm, has transferred its bitcoin exchange-traded fund (ETF) application to Cboe Australia. This move aligns with Monochrome Asset Management’s objective of broadening its…

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Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits

Following Treasurer Josh Frydenberg’s “payments and crypto reform plan,” the RBA has published a report exploring DLT tech and wholesale CBDC issuance.

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Australian Tax Office says it can’t rely on crypto users’ own records

“Our main concern is that many taxpayers believe their cryptocurrency gains are tax-free or only taxable when the holdings are cashed back into Australian dollars,” said the ATO commissioner.

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