Cryptocurrency

Japan convening panel on digital yen as BOJ pilot scheme gets underw...

April 14, 2023 01:47 PM AEST | By Reuters

TOKYO (Reuters) - Following the Bank of Japan's launch this month of a pilot programme to test the use of a digital yen, the Ministry of Finance plans...

Dollar pauses after strong gains on hawkish Fed bets; bitcoin hits $...

April 11, 2023 11:47 AM AEST | By Reuters

By Kevin Buckland TOKYO (Reuters) - The U.S. dollar paused for breath on Tuesday following its best rally this month against major peers as a resilien...

Kuroda says BOJ needs to be ready to issue digital yen

March 28, 2023 03:50 PM AEDT | By Reuters

By Leika Kihara TOKYO (Reuters) - The Bank of Japan must be ready to issue central bank digital currencies (CBDC) that coexist with various other form...

US SEC warns investors about risks of purchasing crypto asset securi...

March 24, 2023 02:38 AM AEDT | By Reuters

(Reuters) - The U.S. Securities and Exchange Commission on Thursday issued an investor alert urging caution around crypto asset securities, warning th...

US Senators question Binance and its US partner over compliance

March 03, 2023 04:26 AM AEDT | By Reuters

By Angus Berwick and Tom Wilson (Reuters) - Three U.S. Senators have asked giant cryptocurrency exchange Binance and its U.S. partner Binance.US for i...

Bitcoin hits six-month high as investors warm to risk

February 17, 2023 01:36 AM AEDT | By Reuters

LONDON (Reuters) - Bitcoin touched a six-month high on Thursday, swept higher with equities and other relatively risky assets as investors gained conf...

Are NFTs taxable in Australia?

January 16, 2023 06:03 PM AEDT | By Ankit Sethi

In some countries, the tax implications of crypto assets is a hazy subject, but not in Australia. Assets, including NFTs, attract a CGT levy, and the...

Can you withdraw cryptocurrency in Australia?

January 13, 2023 02:44 PM AEDT | By Ankit Sethi

Cryptocurrency assets can be liquidated in Australia using intermediaries’ services like an exchange or an ATM provider.

Are NFTs available in Australia?

January 12, 2023 01:42 PM AEDT | By Ankit Sethi

NFT assets are available in Australia, but there is a possibility that a particular asset like CryptoPunks might not be listed on all exchanges.

Who invented Bitcoin and why?

January 11, 2023 04:55 PM AEDT | By Ankit Sethi

Invented by Satoshi Nakamoto, the purpose of Bitcoin was to be developed as an ‘electronic cash system’

Is Dogecoin available in Australia?

January 10, 2023 06:22 PM AEDT | By Ankit Sethi

Dogecoin, considered the world’s first joke or meme crypto, is available in Australia.

Is there a legal way to avoid tax on cryptocurrencies in Australia?

January 09, 2023 03:18 PM AEDT | By Ankit Sethi

Tax is due when a CGT event arises. CGT is not levied when donating a crypto asset to a DGR.

Is it possible for Bitcoin to drop to zero?

January 06, 2023 06:33 PM AEDT | By Ankit Sethi

Bitcoin essentially derives value from backers who continue to believe that the cryptocurrency can one day find broader utility. Any severe blow to th...

Crypto winter of 2022 and the road ahead

January 06, 2023 10:52 AM AEDT | By Ankit Sethi

There are speculations that Bitcoin and altcoins might bounce back and fears that values may drop even further given the atmosphere of high interest r...

Can Bitcoin work offline?

January 05, 2023 02:15 PM AEDT | By Ankit Sethi

For now, no Bitcoin transfers can be made without recording changes in the underlying blockchain network, for which internet connectivity is a must.

How do stablecoins like Tether make money?

January 04, 2023 03:58 PM AEDT | By Ankit Sethi

Some say, Bitcoin could be a not-for-profit currency system, which exists only to provide a blockchain-supported digital currency to people.

Do Australian banks accept Bitcoin?

January 03, 2023 03:54 PM AEDT | By Ankit Sethi

Many top-ranking banking officials across the world have warned that Bitcoin and altcoins pose many risks to the financial landscape.

3 biggest setbacks of cryptoverse in 2022

December 30, 2022 02:37 PM AEDT | By Ankit Sethi

Cryptocurrencies and NFTs did not have a good run in 2022, with Bitcoin losing more than half its value and assets like Jack Dorsey’s tweet NFT failin...

Do you need to declare crypto investments to ATO?

December 29, 2022 03:29 PM AEDT | By Ankit Sethi

The ATO mandates preserving the records of all crypto assets-related transactions. Besides, reporting any income that accrues from the disposal of any...