Australian Senate Hearings into Digital Currencies to Start Wednesday
The Australian Senate will hold its first hearing into cryptocurrencies this Wednesday morning (local time) from 08:30-12:30, as part of the Digital Currency Inquiry (DCI). Representing the international community at the hearing will be Perianne Boring of the US Chamber of Digital Commerce (CDC), the trade association which has made a name for itself lobbying to educate and promote digital currency issues among US policy makers. A live audio/video feed of proceedings will be available on the parliament's website, and the Senate has invited members of the public to submit their own....
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Reuben Bramanathan is associate counsel at Coinbase and Lecturer of Digital Currency Regulation at the University of Nicosia. He was involved with a number of submissions to the Australian Senate inquiry. Here, he explains the importance of the Senate Economics References Committee Report on Digital Currencies and what it means for bitcoin. The release of the Senate Economics References Committee Report on Digital Currencies marks the start of the next phase for bitcoin in Australia. The 74-page report, which is the result of 10 months of hearings, submissions and research by the....
There's been some minor commotion when it comes to the Australian stance on bitcoin. In short, people aren't happy (just take a look at the recent news from Coinjar). And now, we're learning that the Australian Senate is planning to launch an inquiry into bitcoin and other digital currencies. Specifically, the Senate Economic References Committee will be conducting the examination. Sam Dastyari, the Committee's chair, is responsible for spearheading the inquiry. So, just what the inquiry cover? According to ITNews, the purpose of the inquiry is to take a look at what options the Australian....
Australian Senate chamber. The Australian Senate's Economics References Committee announced this week it would hold an inquiry into bitcoin and digital currency implications, aiming to present its findings to parliament in March 2015. Chaired by Senator Sam Dastyari of the Australian Labor Party, the committee will examine the potential economic impact of digital currencies across various industries, including banking and retail. A further aim is to help decide Australia's framework for regulating and taxing digital currency-related activities, in the hope that legal clarity will see the....
An inquiry by the Australian Senate into an appropriate framework for digital currencies in Australia is ongoing, ZDNET reports. The inquiry was successfully moved in Parliament on Thursday by the Economics References Committee's chair, NSW Labor Senator Sam Dastyari. The inquiry is expected to deliver its final report on March 15 next year. Also read: US Senate Homeland Security and Governmental Affairs Committee Hearing on Virtual Currencies Highlights (video). Ronald Tucker, Chairman of the Australian Digital Currency Commerce Association (ADCCA), said: "I applaud the committee's....
Two senate committees are expected to convene soon regarding possible regulatory issues related to decentralized electronic currencies such as bitcoin. Congressional aide sources inside the Senate told the Wall Street Journal that members of government and representatives from the private sector are expected to testify during the hearings. No dates have been set, but the hearings are expected to occur within the next few weeks. "The Bitcoin Foundation thinks these upcoming hearings are good for consumers and others as education on bitcoin is important," Jinyoung Englund, the foundation's....