How Australia Is Becoming A Cryptocurrency Continent: Markets, Regulations And Plans

Australian markets

Exchange regulation and licensing

Exchanges leading the way

Real money

Taxation

ICO

Taxation

Response from industries?

“Australia, as a mature market with one regulator who is open to innovation and a government with an innovation agenda, can be a clear leader in the responsible adoption of blockchain technology.”

Disproving the bubble talk

“By investing resources in research and new legislation, Australia’s government shows its commitment to the perceived longevity of cryptocurrencies as it tries to answer these questions.

The government has a responsibility to protect its members and thus by amending legislation to include cryptocurrencies, rather than prohibiting them, it signals a belief of a future for the asset class beyond the market’s current exuberance.”

Good climate

“As an industry, we’ve been asking for regulatory clarity for the exchanges, and good faith in implementing these changes. This regulation seems to go in that line, but until we see how it is implemented we can’t fully judge.”

“Australia’s new regulations reflect broader trends. Countries across the globe are increasingly monitoring businesses and their customers that buy and sell digital currencies to address money laundering concerns. Regulations like these will lead to widespread adoption.”

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