New Australian Bitcoin Exchange International Reserve Launches With No GST
Independent Reserve (IR) is an Australian Bitcoin exchange in Sydney that ran a pre-launch survey that reached 442 people from every corner of the world. From their survey, IR determined that only 8% of participants had used Bitcoin. However, more than half claimed that they "felt they understood Bitcoin" and over three-quarters admitted to having planned to "find out more" in the future. Australia is still holding out as a Bitcoin bastion despite bad news, Bitcoin wallet scams, and Ostrich-like regulation. IR will charge a flat 0.5% fee and will not charge a goods and services tax (GST).....
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Starting June 15, the Mt. Gox bitcoin exchange will stop allowing funds and withdrawals through the Australian Technocash service, which was recently linked to the $6 billion money-laundering case involving Liberty Reserve. In a statement released today, Mt. Gox noted it made its decision "after some deliberation and discussion with Technocash." "We are working on alternatives for our Australian customers, but in the meantime please use other available methods such as international wire transfers, which are available in your customer accounts," the statement from Mt. Gox went on to say.....
Sydney-based Bitcoin exchange Independent Reserve has added New Zealand Dollars to its multi-currency order book. Basically, this means that New Zealand residents can now trade Bitcoin using their home currency. The addition comes a month after the Bitcoin exchange added AUD to the platform, making it the first Australian exchange to facilitate Bitcoin trading in both U. S. and Australian dollars. New Zealand residents, interested in trading Bitcoin, can now deposit and hold an NZD balance in their Independent Reserve account to trade the virtual currency. CEO of Independent Reserve Adrian....
Allan Guo (left), Sam Lee (right) and Bitcoin Group. Bitcoin Group is to be listed on the Australian Stock Exchange in mid-November, becoming the world's first publically floated Bitcoin trading company. Following the positive guidance from the Australian Tax Office on the treatment of Digital Currencies, Bitcoin Group will be the first Bitcoin company on the Australian Stock Exchange, in the world's first official Bitcoin IPO listing. No other Bitcoin company has been publically traded in Australia, or any global stock exchange. Bitcoin Group's earliest investor, self-made billionaire Mr.....
As the use of blockchain adoption picks up, it is time to evaluate the quality of these blockchain based solutions and standardize them. In order to do so, the Australian organization entrusted with this authority, Standards Australia has called for the development of an international set of standards that can be implemented anywhere. The Australian body has called for the International Standards Organization take up the task of creating the global standards along with its support. The Australian member’s appeal to the International Standards Organization comes close to the heels of the....
The Monetary Authority of Singapore (MAS) has granted licenses to two companies to offer digital payment token services. The brokerage arm of DBS Bank received formal approval from Singapore’s principal financial regulator to provide crypto services. Australian cryptocurrency exchange Independent Reserve also received the same license under the Payment Services Act. With this, Independent Reserve becomes […]