Crypto Clean-Up Down Under: Australia To Crack Down On Inactive Exchanges
Australia’s financial regulator is going after inactive crypto companies still appearing on official lists. The Australian Transaction Reports and Analysis Centre (AUSTRAC) disclosed Tuesday that it would remove registrations from exchanges that have ceased trading but are still on their books. Related Reading: Tether Flexes Strength With Nearly 8-Ton Gold Reserve For XAUT Token ‘Use […]
Related News
The Clean Water Coin Initiative is the first ever coin designed and developed to be a nonprofit organization. What does that mean? We are a registered Nonprofit Organization and we’ve created a Crypto Charity and coin that lets a community actively participate in helping provide clean water. To do that we've teamed up with CharityWater.org so that we can create campaigns and raise funds for clean water projects. Also, the community can easily track exactly how we are doing by visiting our campaign page. Cointelegraph.com sat down with the founder of Clean Water Coin, Zach Mettra, to....
My Clean Sky, an innovative company out of Australia led by CEO Guy Lane, allows users around the world to offset their carbon emissions. Every time you drive or take a plane from point A to point B, you are creating excess carbon and contributing to global warming. In fact, every minute your computer runs, every time you download the blockchain: Carbon is emitted. Most of us have accepted this fact and don't think twice about it because not using cars, planes, or computers is not a possibility. For those whom would still like to quiet their burning conscious, My Clean Sky provides an....
Australian businesses are turning their backs on bitcoin following the move by Australian banks last month to close bitcoin exchanges' accounts, according to Reuters. Australian banks last month announced plans to close the accounts of 13 of the country's 17 bitcoin exchanges. The development is a blow to bitcoin's chances of becoming a mainstream currency since Australia was considered one of its most promising bitcoin markets. Australia is estimated to hold 7 percent of bitcoin's $3.5 billion global value, a sizeable figure in a country of just 24 million people. "We've got a squeaky....
The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple and Google. Payment Laws in Australia to Cover Crypto Business and Big Tech Authorities in Australia are gearing up to update the nation’s legislation governing payments in the largest reform of the industry in over two decades. The changes will expand the regulatory framework to encompass new....
National Australia Bank (NAB) has implemented measures to block certain payments to crypto exchanges deemed “high-risk,” following similar actions taken by other major Australian banks, including Commonwealth Bank of Australia and Westpac, according to reports on July 17. Protecting Clients The NAB warned that crypto scams are putting Australians at risk, causing losses of $151 million […]