Beijing looks to boost blockchain, create industry champions
China has released guidelines aimed at boosting the country’s blockchain development.
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Four in 10 Australian millennials would buy crypto over real estate
Nearly 40% of Australians born between the early 1980s and mid-1990s would rather invest in cryptocurrencies than real estate, according to a nesurvey.
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XRP sees robust institutional inflows; Ethereum ‘altcoin of choice,’ report says
XRP last week saw inflows of US$7 million into investment products, the most since April, according to CoinShares.
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Australia’s first Bitcoin capital growth fund gaining interest
Australia’s first capital growth fund to offer institutional exposure to BTC has announced its received inquiries from some of the country’s largest companies.
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Australian Tax Office issues reminder of cryptocurrency tax obligations
ATO will contact 400,000 Australian crypto holders over concerns that they may not be fully aware of their crypto tax obligations. Tax cheats beware!
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Privacy coin Monero surges as US and Australia target crypto gains
Privacy-centric coins like Monero, ZCash and Dash are seeing big price rises as the IRS and ATO issue warnings on taxable crypto transactions.
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Indian lenders cling to overturned central bank crypto ban as customers fume
Banks in India, including some of the country’s largest lenders, are notifying their customers not to engage in cryptocurrencies, adhering to a central bank rule from 2018 that bans them from dealing in cryptos — despite the fact the ban was overturned by the Supreme Court more than a year ago.
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Crypto sector faces tougher enforcement over sanctions-busting, report says
Sanctions enforcement affecting the cryptocurrency industry has intensified rapidly in the past two years, according to a new report by crypto compliance consultancy Elliptic.
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DeFi has boosted challenger banks. Now it’s their customers’ turn
New and innovative lenders are taking advantage of DeFi’s low costs to offer savings account interest rates that Main Street banks simply can’t match.
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Australia seeks fresh submissions on cryptocurrency rules
In a paper released today by a Senate committee, the Australian government announced it is seeking help in establishing a crypto regulatory framework.