FATF updates regulatory guidance for crypto industry
The global AML watchdog provides clarifications on how crypto is to be regulated — and why DeFi could see more scrutiny.
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New Australian ETF grants exposure to Bitcoin mining sector
Only two weeks after the Australia Securities Exchange approved a similar product, the Cosmos Global Digital Miners Access exchange-traded fund (ETF) launched on rival exchange Chi-X Australia today, granting exposure to globally listed digital asset mining and infrastructure companies. Fast facts Trading under the name “DIGA,” the fund tracks the Global Digital Miners Index, designed…
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Byron Bay to host Australia’s largest Bitcoin mining operation — using green energy
While it may be known locally and domestically as a tourist hotspot and home to many Hollywood A-list celebrities, Australia’s coastal town of Byron Bay is set to become host to Australia’s biggest Bitcoin mining site— and it’s going to be powered by 100% renewable energy. Fast facts According to a company press release, local…
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Australian crypto industry watches as sole trader charges two top banks with ‘debanking’
While the government signals it is ready to promote the industry, the country’s banks remain unimpressed. ANZ has already settled its de-banking case with Allan Flynn, but as the tribunal with Westpac concluded over the weekend, what should we expect from the outcome?
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How Australia’s National Blockchain Roadmap sets an example for the world
The Australian government sees blockchain’s enormous benefits and is now actively developing the technology, writes Chami Akmeemana. What can other countries learn from this?
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Australia’s Senate releases long-awaited crypto report
The Senate unveiled its most comprehensive look at blockchain regulation, hoping to transform the country into a global industry leader.
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Bitcoin becomes harder to mine with latest adjustment
Bitcoin miners saw another mining difficulty adjustment on Tuesday, with an increase of 0.95%, according to data from BTC.com. Fast facts The mining difficulty level is now at 20.08 trillion at block height 705,600, reflecting the most difficult level since a previous adjustment on May 30, the data show. The latest adjustment follows six increases after four consecutive…
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Australia’s ANZ settles in crypto debanking case
Amid a national conversation on debanking of crypto businesses, one of Australia’s “Big Four” banks — ANZ — has settled a case brought by local exchange operator Allan Flynn, who argued ANZ debanked him due to his occupation in cryptocurrency. Fast facts Flynn, crypto trader and owner of the Australian exchange CanberraBitcoin, announced the settlement…
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As regulators circle above, how should the DeFi industry respond?
Traditional finance evolved over centuries while DeFi is coming into its own in a few years, writes Adi Ben-Ari of Applied Blockchain. Are its risks inevitable?
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China’s Zhejiang province busts covert crypto mining operations — some within public entities
Hidden mining tracked by IP addresses to state agencies, enterprises, institutions, schools