Cryptocurrencies
There have been few startup winners from the government’s planned capital gains tax changes. Bitcoin lender Block Earner thinks it could be one of them.
RBA assistant governor Brad Jones told Capital Brief that new consultations and working groups will be convened to facilitate stablecoin innovation. But scaling could take up to 20 years.
The digital asset industry has warned Treasury it is overestimating startups’ ability to comply with a regime designed for banks and super funds.
A $24 billion digital finance opportunity is well within reach, but Australia will need industry and government moving together to capture it.
RBA assistant governor Brad Jones says banks have been slow to embrace tokenised deposits. But some argue that delay could yet work in their favour.
The first crypto case to reach the High Court may turn on two “simple” arguments — and whether ASIC’s logic stretches far beyond digital assets.
ASIC is overseeing interim regulation of stablecoin issuance as bespoke oversight that would also rope in APRA could be at least a year away.
The High Court will hear a case that could settle the issue of whether cryptocurrency is property capable of possession.
Fighting scams is vital, but many Australian banks have gone too far on crypto, limiting legitimate activity in the name of protection.
After a favourable ATO ruling, Vield is set to secure Australia’s first warehouse facility for crypto-backed loans from a traditional lender.
Eagerly awaited rules would bring digital asset platforms into the AFSL regime, while giving the responsible minister flexibility to redefine its limits.
The global crypto platform backs a licensing regime for exchanges and digital wallets but has warned against any moves to directly regulate underlying digital assets like stablecoins.
The corporate regulator has said if entities incorporate the cryptocurrency into their own products this could require a financial services licence.
Ripple’s global head of policy Rahul Advani says Australia’s draft crypto laws could force startups to shut, urging Treasury to extend the licensing transition period.
IREN says new AI data centre contracts will boost its revenue by hundreds of millions of dollars as it launches a USD1 billion fundraise to drive further growth.
Treasury’s draft crypto laws promise long-awaited clarity for digital assets. It's the latest signal of a sharper focus on innovation from the Albanese government.
Assistant Treasurer Daniel Mulino this morning unveiled a draft of Labor's long-awaited digital assets legislation, which he says is "about legitimising the good actors and shutting out the bad."
The crypto exchange's local boss John O'Loghlen says he has been "pleasantly surprised" by his interactions with the assistant treasurer.
The brothers who co-founded IREN sold one million shares each as the data centre and Bitcoin mining company hit fresh highs.
