Australia: RBA Survey Finds Fewer Than 1% of Aussies Used Crypto for Payment in 2019

2020-3-21 08:00

According to a recent report by the Reserve Bank of Australia (RBA), fewer than 1 percent of Australians paid for consumer goods with digital currencies. This, according to a report by Coindesk, March 20, 2020.

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Источник: btcmanager.com

according australia → Результатов: 126

80% of Australians Know About Crypto but Only 1% Use It: Central Bank Study

Fewert than 1 percent of surveyed Australians paid for consumer goods with cryptocurrency in 2019, according to a new study by the Reserve Bank of Australia.

2020-3-20 13:00
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Australia Crypto Merchant Trade Sets $74K Monthly Record With BCH Capturing 97%

Cryptocurrency payments in Australia, which have been growing in volume in the past few years, have recently scored another record. Crypto-based merchant trade across the country reached almost $74,000 in February according to a new report.

2020-3-5 02:55
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Coronavirus Rate Cuts: Australia’s Central Bank Did It First

The Reserve Bank of Australia announced it would be cutting the cash rate by 25 basis points to 0.50 percent, its lowest on record according to recent figures.

2020-3-4 20:40	Coronavirus
bank rate australia percent basis points record

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Australia: National Stock Exchange (NSX) to Launch own DLT-Based Settlement System

National Stock Exchange of Australia (NSXA), a Sydney-based stock exchange owned and operated by NSX Limited, is joining forces with iSignthis (ISX), to develop a blockchain-based digital securities platform that would rival that of the Australian Securities Exchange (ASX), according to reports on February 20, 2020.

2020-2-20 22:00	DLT
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Australia releases blockchain roadmap

Agriculture, manufacturing, and renewable energy are all ripe for blockchain-powered disruption, according to a new national strategy from the Australian Government.

2020-2-14 19:00	BNC insights
new according disruption blockchain-powered national strategy government

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Facebook's Calibra may be overseen by Australia's APRA in the future

According to a recent submission made by the Australian Prudential Regulation Authority, the financial services sector regulators could potentially oversee Facebook's Libra by playing a part in the prThe post Facebook's Calibra may be overseen by Australia's APRA in the future appeared first on AMBCrypto.

2020-1-21 10:26	Trading View
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Facebook’s Libra is not Welcome in Australia According to RBA

The Reserve Bank of Australia has serious doubts about Libra’s success within the nation. In an article published by afr. com on January 9, the RBA sustains that even if it meets all regulatory requirements, there won’t be enough demand for domestic payments in the stablecoin.

2020-1-10 22:00	StableCoin
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Australia: EY Unveils Blockchain Solution to help SMEs

Australia-based P2P human capital company Block2 has inked a strategic partnership with Big Four accounting and advisory firm EY to help develop 2Mota – a blockchain solution geared toward SMEs. This, according to a report by Consultancy.

2019-11-26 13:55
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Second Largest Australian Bank Broke AML Laws More Than 23 Million Times

Westpac, Australia’s second-largest bank, violated money laundering laws 23 million times and could be fined AUD21 million (US$15. 7 million) per breach. Westpac Banking Corp, the second-largest bank in Australia, currently faces multiple accusations.

2019-11-20 11:10
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The IRS and the Global Tax Enforcement are Analyzing Crypto Tax Evaders and Criminals

The criminal division of the U. S. Internal Revenue System (IRS) recently announced that it was able to identify dozens of people who were using cryptocurrencies to evade taxes or to commit crimes without getting caught.

2019-11-9 07:10
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Australia: Minister says bad Actors Still Using Cryptocurrency to fuel Terrorism

Australian Home Affairs Minister Peter Dutton has offered a stark warning claiming that terrorists are using crypto-currencies to fund their deadly missions, according to a report by SBS on November 7, 2019.

2019-11-7 13:26
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ASX to Replace Its CHESS System with Blockchain as Chi-X Asks ACCC to Investigate Its Competitors

Chi-X Australia has called the Australian Competition and Consumer Commission (ACCC) to investigate a case against the Australian Securities Exchange (ASX). According to the company, its competitor’s use of blockchain technology could present an “unfair advantage” in the market.

2019-10-31 02:03	Legal & Regulation
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The BitFunder and WeExchange Operator Jon Montroll’s Restitution Amount

The exact restitution to be paid by Jon Montroll, the operator of the shuttered BitFunder and WeExchange Bitcoin security has been determined. It is according to Judge Richard M. Berman of the New York Southern District Court.

2019-10-23 19:53	cybersecurity
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Bitcoin Cash Outshines BTC Retail Spending in Australia by a Wide Margin

The BCH-centric web portal Bitcoinbch. com published an in-depth report that shows the aggregate of cryptocurrency expenditure for Australian retail businesses. According to the 10-page document, BCH transactions in the country exceed BTC transactions by a wide margin and BCH is the top digital currency in Australia.

2019-10-14 20:36
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Indonesia Hosts International Summit to Enlighten Lawyers on Cryptocurrencies

In an effort to curb illegal use of bitcoin and other blockchain-based cryptocurrencies, and make it easier for law enforcement agents to recognize and fight crypto-fueled crimes, the Indonesian government is hosting an international conference made up of Turkey, Singapore, Australia, Malaysia, Thailand, Russia and Hong Kong, according to reports on October 2, 2019.

2019-10-3 01:00	Regulation
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Watch: Sledgehammer-wielding goons jack $300k in goods from two Apple Stores

Six people broke into two Australian Apple Stores early this morning, making off with nearly $300,000 worth of products. The group, according to a Facebook post by the Western Australia Police Force, used a sledgehammer to gain entry to both stores.

2019-9-4 21:47	Insider
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Kidnappers Ask Ransom of 80 Bitcoin (BTC) For Chinese Student

A Chinese student was recently kidnapped in Australia and the kidnappers demanded a ransom of 80 Bitcoin (BTC), around $810,000 USD to release him. According to a local media outlet, the father of the student was kidnapped and they demanded the ransom within 24 hours.

2019-8-28 16:53	Ransomware
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Cryptocurrency scammers conned Australians out of $14.8M in just 7 months

Cryptocurrency investment scams in Australia cost victims a record $14. 76 million between January and July this year. That’s according to the Australian Competition and Consumer Commission (ACCC).

2019-8-13 15:40	hard fork
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DLT Supple Chain and Trade Platform TradeWindow Receives Investments from ASB Bank

According to an August 12 press release, TradeWindow, a startup which uses distributed ledger technologies for the trade market, received investment funds from ASB bank, a subsidiary of Commonwealth Bank of Australia.

2019-8-13 09:00
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15 nations are reportedly banding together to monitor suspect cryptocurrency transfers

Some 15 countries, including Australia and Singapore, are reportedly banding together to create a data collection and sharing system on individuals carrying out cryptocurrency transactions. According to Nikkei, the common goal would be to prevent funds from being laundered or used to finance terrorist organizations.

2019-8-9 16:22	hard fork
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Australian Authorities Charge Exmount Holdings Group Members for $1.8 Million Crypto Scam

The law enforcement of Australia has recently charged five people for a cryptocurrency-related scam that involved $2. 7 million AUD ($1. 8 million USD). The investigation, which was made by the cybercrime division of the country, discovered that the criminals fooled over 100 investors.

2019-8-9 22:37	Legal & Regulation
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5 charged in connection with $2.7M Australian cryptocurrency scam

Australian police have charged five people in connection with a protracted cold call cryptocurrency investment scam that tricked more than 100 victims into losing $2. 7 million. The scam, which operated from Australia‘s Gold Coast, was busted as part of ‘Operation Quebec Walnut.

2019-8-8 14:21	hard fork
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Facebook’s Libra Continues To Receive Worrisome Outlooks From Global Finance Regulators

Libra, the cryptocurrency project headed by Facebook and the Libra Association, is getting heat from several privacy and data protection regulators around the world. According to recent reports made by The Block Crypto, regulators from countries such as the United States, Canada, United Kingdom, Australia and the European Union are all concerned about Libra and […]

2019-8-7 22:35	Facebook
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When Cash Is Banned, Centralized Cryptos Are Not Going to Save You

Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.

2019-7-30 19:45
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Australian Elderly Couple Lose $900,000 Retirement Savings to Crypto Scam

Mike and Karen Taylor, an elderly couple in Melbourne, Australia have revealed how they were duped 900,000 AUD ($633k) of their retirement savings. According to the duo, they had invested their life savings in a cryptocurrency trading website that looked legit but later turned out to be a scam in disguise.

2019-7-21 22:53	Cryptocurrency News
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Major Australian Supermarket Chain Now Accepts Bitcoin

Slowly but surely, bitcoin is gathering momentum as a payment method. The list of retailers accepting crypto payments continues to expand. Most recently, IGA, a major Australian supermarket network started accepting payments in bitcoin.

2019-7-12 23:54
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Australian Business Commentator Wants Bitcoin and Crypto Assets to be Canned From the Country

Peter Switzer, a prominent financial and business commentator from Australia, has recently called out for the ban of the largest crypto asset of the world, Bitcoin. According to Switzer, known as a an award-winning journalist and owner of the Switzer Financial Group, BTC should be outlawed from the country. Often, Switzer publishes articles on his […]

2019-7-9 00:35	Legal & Regulation
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Flexer charged with trafficking Bitcoin-purchased drugs in Australia

A man who frequently flaunted his wealth on social media has been found guilty of importing and trafficking drugs purchased with Bitcoin on the dark web. Brendan Leigh Baker, 27, a former cafe owner in Canberra, was found guilty in the ACT Supreme Court this week.

2019-6-19 13:04	hard fork
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Hayden Otto Discusses the Rise of North Queensland’s Bitcoin Cash Movement

Bitcoin cash merchant acceptance has grown significantly over the last year according to the BCH merchant directory Marco Coino. One specific region, North Queensland, Australia has an extremely dense population of bitcoin cash accepting retailers.

2019-6-17 19:01	social media
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Australia to Crack Down on Crypto Tax Avoidance Schemes

The Australian Taxation Office is hunting down major tax avoidance schemes using cryptocurrencies, according to a report.

2019-6-8 14:00	Australia
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Aussie and Japanese Tax Agencies Crackdown on Crypto Tax Evaders

Cryptocurrency tax evaders may not be able to hide in the shadows any longer, as tax agencies are now on the alert. Countries like Japan and Australia have placed virtual currency evaders on their priority list and are seeking effective means to nab cryptocurrency tax offenders.

2019-6-7 01:00
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Bitcoin, Ethereum, BCH and other cryptos can be used to pay bills in Australia

Cointree, a cryptocurrency exchange platform and blockchain business registered in Australia, announced a way to pay any bills in Australia using cryptocurrencies. According to a Finextra, Cointree, and Gobbill, a startup focused on household and small business bill payment automation, piloted a trial program to pay any BPAY bills with any 100+ supported coins, including Bitcoin, […] The post Bitcoin, Ethereum, BCH and other cryptos can be used to pay bills in Australia appeared first on AMBCrypto.

2019-5-30 13:02	News
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This Gallery Is Selling Indigenous Australian Art for Bitcoin

Things you can buy with bitcoin: AT&T’s services, airfare, pretty much anything using gift cards through Bitrefill, pizza, drugs (duh) and now, Indigenous Australian art.

2019-5-29 23:15	Investing
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Australia’s PCF Capital Group Picks KoreConX For $250M Mining-Focused Security Token Offering

Australia Based PFC Capital Group To Launch 250 Million USD Security Offering With Koreconx PFC Capital Group, an Australian capital advisory company has chosen KoreConX, a permissioned blockchain system, for a 250 million USD digital security offering.

2019-5-15 23:40
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Singapore Crypto Exchange Zebpay Launches Its Services In Australia

It seems that Australia will be the latest country to receive the services of Zebpay, a Singapore-based cryptocurrency exchange. According to the official press release, the services will start to be operational in the country now.

2019-5-8 03:58	Zebpay
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If Paper Money Is Banned From Large Transactions, Can This Be A Bullish Sign For Cryptos?

Many societies are currently moving towards the so-called cashless society. Will Bitcoin be a part of this trend? In order to discover this, we have to look at this trend closely. Australia, for instance, is about to ban cash for large transactions.

2019-5-7 23:20	Payments & Merchants
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Bitcoin [BTC]: Cash booted out of large-scale transactions, bullish sign for cryptocurrencies?

With the fervent wave of development ensconcing global economies of the world, the overwhelming goal stated by most is that of a “cashless society. ” Australia, is one such example, with the island country months from enforcing an actual ban on cash-based transactions over AUD $10,000.

2019-5-6 16:00	News
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Australia Tax Office Tries To Track Down Cryptocurrency-Tax Evaders

Thus far, Australian cryptocurrency traders have been able to avoid the gaze of the tax man without too much effort. But this week, the Australian Taxation Office (ATO) launched a data-matching program, in an attempt to hunt down evaders.

2019-5-3 18:00	Taxes
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OneCoin ‘Compromised’ Samoa’s Financial System: Churches Investigated For Money Laundering

Embattled pseudo-crypto ponzi scam, OneCoin, has a lot to answer for, now allegedly including the ‘compromise’ of Samoa’s financial system. This is according to the country’s Central Bank, which is investigating two Samoan churches for money laundering over OneCoin.

2019-5-2 16:00
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Australia’s Tax Authority Goes On The Offense Towards Elusive Cryptocurrency Traders

Australia’s Tax Authority Goes Behind Cryptocurrency Traders The Australian tax authority is trying to go behind users that deal with virtual currencies to be sure they pay their virtual currency taxes.

2019-5-1 22:20	Payments & Merchants
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Australia: Cryptocurrency trading to be scrutinized by island nation’s Taxation Authority

Cryptocurrencies serve a multitude of purposes, one of the main ones, according to their ardent proponents, is their ability to evade the clutches of the taxation authorities. However, this might not be the case in Australia, with the island country’s taxation authority taking a more stringent approach towards decentralized currencies.

2019-4-30 18:00	Regulation
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Australian Crypto Scam Reports Rose Almost 200% in 2018

Australia saw a surge in reports of scams involving cryptocurrencies last year, according to the country's consumer watchdog.

2019-4-29 13:30
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Australian Crypto Scams Jump 190% in 2018, Still a Fraction of $500 Million Fiat Bust

By CCN. com: While 2018 was a tough year for cryptocurrency enthusiasts with the persistent bearish market conditions, it was a bumper period for scammers in Australia. According to the Australian Competition and Consumer Commission (ACCC), the use of cryptocurrencies in scams surged by 190 percent year-on-year.

2019-4-29 12:17	Australia
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Unwanted sexting linked to anxiety, depression, and low self-esteem

A new study shows early evidence that receiving unsolicited sexual imagery through text, or being coerced into sending it is associated with mental health distress. This is the first research linking both non-consensual and coerced sexting behavior with depression, anxiety, and low self-esteem.

2019-4-24 22:54	Tech
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Bitcoin ATM Firm ‘Auscoin’ a Front for International Drug Smuggling Ring: Australian Police

By CCN. com: As bitcoin entrepreneurs who founded the fast-growing Auscoin Bitcoin ATM business in Australia, there was nothing suspicious about Steen McBeth and Sam Karagiozis leading a flashy lifestyle including driving Lamborghinis and BMW motorcycles.

2019-4-22 12:36
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The Next Bitcoin Pizza Debacle? House Sold For 457 BTC ($2.4M) In Australia

House Sold For $2. 4M In Bitcoin On Sunday, Changpeng Zhao of Binance posted pictures of a modern, mostly white house on his Twitter. What was that all about? Well, according to Brave New Coin, the.

2019-4-9 05:00	Technology
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This ‘Flat Earth’ April Fools’ Day Joke Wins the Internet

It’s April 1st and that means our social media feeds are full of April Fool’s pranks and jokes. Microsoft had the right idea and banned employees from using April Fool’s jokes on social media. But among the slurry of pranks are a handful of clever and funny April Fool’s.

2019-4-1 13:29
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Australian Bank ANZ Still Doesn’t Understand Blockchain Technology

The Australia and New Zealand Banking Group Limited (ANZ) has thrown some serious shade at distributed ledger technology — commonly referred to as ‘the blockchain. ’ According to the third-largest bank by market capitalization in Australia, legacy financial institutions aren’t exactly under immediate threat from the trustless transactions introduced by Bitcoin (BTC) and its creator, Satoshi Nakamoto.

2019-3-25 04:00
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Australia Wants To Be “A Global Leader” In Blockchain Tech

In a bid to turn its blockchain industry into “a global leader,” Australia will be developing a national blockchain roadmap and allocating AU$100,000 (US$71,000) to domestic blockchain startups to increase their global exposure and for networking purposes.

2019-3-20 20:24	blockchain
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Australia's central bank and Treasury have held meetings with international crypto industry executives on the future of digital assets and regulation in the nation.

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Reserve Bank of Australia Has Some Interesting Views on Bitcoin

Australia is quickly positioning itself as a very interesting location for cryptocurrency and blockchain development. Although the overall climate appears relatively positive, it remains to be seen how things will play out.

‘All Wrong’: Cryptocurrency Industry Rebukes Australian Banker For Bitcoin Complaints

A senior Australia central bank official who called Bitcoin “fascinating” but its blockchain “inefficient” has come under fire for plagiarism and spreading incorrect information about cryptocurrency.

2020-3-21 08:00

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