Australian Senators: Goodbye, Dollar. Hello, Bitcoin!
Australia may be the most intense hotbed of Bitcoin activity on Earth. Followers of this website have seen this country run the gamut on Bitcoin acceptance and public consumption. Some Australian cities are ready to run with Bitcoin as their primary, as our article on Tasmania's Launceston revealed. As I reported just days ago, Australia is ready to access fiat currency-based Good and Services Taxes (GSTs) upon Bitcoin. Australian residents have also paid tens of thousands of dollars in bills with Bitcoin. Now, the Australian government is prepared to have a "Senate inquiry" on the role of....
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A new Australian political party has proposed the introduction of a token-based political system based on the concept of decentralised blockchain technology. Called the Flux Party, the new entity has already attracted more than the 500 members it needs to potentially place senate candidates on ballots in all the country's states. However, the party's immediate goal is to try and elect six senators, according to Reuters. Notably, the Flux Party will be free of its own policies, instead opting for its senators to vote for or against legislation at the bidding of token holders. Party....
ANZ Bank has launched a stablecoin tethered to the Australian dollar, lowering the risk associated with digital asset purchases and encouraging more clients to use crypto. It is the first time an Australian bank has issued a digital asset tied to the Australian dollar’s value, and it may be the first time a major lender […]
Two U.S. senators are working on a bipartisan, broad-based regulatory framework for cryptocurrency. “The work we’re doing is going to be a very complex and intensive review of the different aspects of this industry,” said one of the senators.
US Senators to Introduce Comprehensive Framework to Regulate Crypto Industry
U.S. Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are working together on “a broad-based regulatory framework” for how the crypto industry should be regulated, they explained Thursday at a Politico Live....
A bipartisan team of US senators is introducing a bill to clarify what entities should report cryptocurrency transactions to the IRS.
A new political party in Australia wants to replace the existing political system with a system that allows people to vote using bitcoin, according to Reuters. The Flux Party believes that voters can use bitcoin to grant votes on legislative proposals. It believes bitcoin will enable representative democracy in the information age. The party’s goal is to elect six senators who will not propose policies but will vote on legislation at the direction of their members, who will deliver votes on every bill online. “If they didn’t have to be senators, if they could just be software or robots....