Australian Crypto Exchange to Delist BSV Over ‘Bullying’ Threat to Bitcoin De...

On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022. Furthermore, users with HUSD held on the exchange will see their balances auto-converted to the stablecoin asset tether and the exchange expects to complete the full conversion by November 4. Huobi Global Reveals Plans to Delist HUSD and Auto-Convert Balances to Tether, HUSD Stablecoin Drops Below $1 Peg Following Announcement Huobi is set to delist the stablecoin HUSD according to an update from the....

The major crypto exchange said on Thursday it would delist the trading pair if the price fell under 0.005 USDT, which has already happened. Major crypto exchange Binance announced it will be delisting its Tether (USDT)-margined Terra (LUNA) futures contracts following a more than 99% drop in price.In a Thursday blog post, Binance said it would be taking “precautionary measures” around its LUNA/USDT perpetual contracts, intending to delist the pair if the price goes under 0.005 USDT. The announcement followed the exchange changing the leverage and margin tiers for the LUNA-tied contracts on....

While Bittrex gave no reason for the removals, exchanges around the world have been moving to delist coins that seek to hide the activity of their users.

The Australian Department of the Treasury is claiming bitcoin and digital currencies are a potential threat to its tax collection efforts. In a new report, the government agency outlines areas in which it hopes to change the structure of its tax revenue system, citing the emergence of new financial technologies, including bitcoin and other digital currencies, as challenges it has yet to adapt to. The report notes: "New ways of transacting, including cryptocurrencies such as bitcoin, were not contemplated when the current tax system was designed." The specific risks, the paper continued,....

AUSTRAC’s Brad Brown pointed towards the Mt. Gox debacle and Silk Road to make the report’s “findings” stick. The status of Bitcoin in Australia has changed quite a few times over the past few years. The latest legislative proposal will see Bitcoin regulated stricter under the country’s regular AML and counter-terrorism financing laws. To put this into terms people can understand, the Australian government sees Bitcoin as an emerging threat, rather than a valuable innovation, based on the latest AUSTRAC report. It is not entirely surprising to see the Australian government see Bitcoin as a....