Startups to Enable Bitcoin Purchasing at Australian Newsstands
In a move that could potentially boost bitcoin usage in the country, two Australian tech startups will set out to launch an over-the-counter platform for selling bitcoin for everyday consumers. An endeavor to make bitcoin more accessible and usable will see 1,200 newsagents (small retailers and newsstands) across Australia selling the cryptocurrency over the counter. This feature will mark the first time that Australians can fundamentally purchase bitcoin, with cash, over the counter. According to the Australian Financial Review, all 1,200 newsstands will be fitted with an iPad that....
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Obtaining Bitcoin needs to be made a whole lot more convenient. Enthusiasts in Australia are tackling this problem, by letting consumers purchase cryptocurrency over-the-counter at their local newsstand “soon.” Buy Newspapers & Bitcoin in One Place. Two Australian startups have come up with an over-the-counter solution that makes obtaining Bitcoin as....
Fintech Australia is a national Australian Fintech Industry Association. Their vision is to make Australia one of the world’s leading markets for Fintech innovation and investment. Founded in October 2015, their membership base now comprises over 70 startups, venture capital funds, hubs and accelerators across Australia that specialise in Fintech. As a not-for-profit organisation, they support the Australian Fintech community, build awareness and trust in Fintech startups and advocate for better policy on behalf of our members. Fintech Australia is the voice for Fintech innovation in....
The Australian government is keeping a close eye on bitcoin, but not on the regulatory front. Rather, it is tracking every conversion from bitcoin into Australian dollars, and vice-versa. The government agency doing the snooping is the Australian Transaction Reports and Analysis Centre (Austrac). The centre is tasked with countering money laundering and terrorist finance, so it is only logical that it would track anonymous transactions. Tracking bitcoin-related transactions. Austrac CEO John Schmidt told lawmakers that Australia collects data on all international fund transfers, including....
It has to be said, Australia is showing a very bullish trend where venture capital is concerned in 2016. The fintech industry is heating up in Australia as of late. Westpac is backing a second AU$50m startup fund for fintech startups in the country. The bank will do so in collaboration with Sydney-based VC firm Reinventure. The hunt for promising Australian fintech startups is in full swing, and it is positive to see Westpac being part of this initiative. It is not the first venture by Westpac in the fintech industry either. The financial institution had shown its support for the local....
It is being reported that the Australian Transaction Reports and Analysis Centre (also known as Austrac) is able to and is actively tracking conversions from the Australian dollars to bitcoin and vice-versa. The government agency is responsible for preventing money laundering and terrorism financing, so it doesn't quite come as a surprise that they would be following these types of transactions. "Australia is very fortunate among its international counterparts, in that we are one of the few countries which currently collects all international funds transfers, into or out of Australia,"....