Australia

Australia imposes capital gains tax on DeFi, wrapped tokens
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20 November, 2023

Australia imposes capital gains tax on DeFi, wrapped tokens

Australia has updated its tax guidance to include any interaction with decentralized lending platforms, liquidity pools and providers, and wrapped...
Microsoft makes $3.2B AI investment in Australia amid tighter controls in US
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29 October, 2023

Microsoft makes $3.2B AI investment in Australia amid tighter controls in US

Microsoft's $3.2B investment in Australia aims to drive AI, cloud growth, expands data centers, and fosters skills development, advancing the...
Australia pilots offline CBDC, but challenges hinder real-world deployment
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25 October, 2023

Australia pilots offline CBDC, but challenges hinder real-world deployment

Australia's central bank digital currency pilot achieves offline payments, but mass adoption faces hurdles due to card reluctance in emergencies.
Tokenized money, CBDC could be the future of money: Australia’s central bank
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20 October, 2023

Tokenized money, CBDC could be the future of money: Australia’s central bank

The deputy governor of the Reserve Bank of Australia dismissed “speculative cryptocurrencies” and risky stablecoins but said tokenized deposits could...
Mastercard pilot in Australia demonstrates how CBDC could wipe out stablecoins
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19 October, 2023

Mastercard pilot in Australia demonstrates how CBDC could wipe out stablecoins

Mastercard demonstrated how a digital Australian dollar can be “wrapped” and deployed on various public blockchains, competing with existing stablecoins.
Australia’s new regime proposal to bring digital asset platforms in line with financial laws
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18 October, 2023

Australia’s new regime proposal to bring digital asset platforms in line with financial laws

The Australian Federal Government suggested a new type of financial product called a "digital asset facility" that would bring digital...
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