Australian tax office targets 1.2M crypto investors for tax compliance
Australian Tax Office seeks data from 1.2M crypto users for tax compliance. Cryptocurrencies are classified as taxable assets in Australia and capital gains tax applies. Global crackdown on crypto tax…
Australian regulator searched Binance Australia’s offices
Key takeaways Australian Securities and Investments Commission searched Binance Australia’s office on Tuesday. The cryptocurrency exchange maintains that it is focused on complying with rules. ASIC searched Binance Australia’s offices…
National Australia Bank creates stablecoin backed by Australian dollar
The Australian stablecoin will be called AUDN. It will be backed one-for-one by the Australian dollar. Users will be able to settle transactions using blockchain technology using the stablecoin. Despite…
Australian crypto exchange Swyftx to cut 45% of staff amid crypto winter
Swyftx cuts 90 jobs as the cryptocurrency winter continues to affect more companies. The company follows exchanges like Coinbase, Bybit, and Kraken in reducing its employee headcount to cope with…
The Australian Securities and Investments Commission suspends FTX Australia’s licence
Crypto exchange FTX has lost its Australian licence a few days after it collapsed and filed for bankruptcy. The Australian Securities and Investments Commission (ASIC), announced on Wednesday, November 16th,…