A 21-year-old Australian woman was arraigned in court Tuesday as part of an investigation into a major fraud ring that involved cryptocurrency money laundering.
The Real Estate Institute of Queensland (REIQ) partnered with a local blockchain startup Igloo to develop a platform that will turn tenancy agreements to smart contracts.
The bank is looking to implement a blockchain system to protect the environment, with credits to offset environmental impact.
The five were charged following a lengthy cold call and investment fraud investigation that became known as “Operation Quebec Walnut.”
The bill chose to exclude digital currencies because it felt they were too new and unregulated to restrict.
The state of Australian tax laws left one crypto owner facing a A$100,000 tax liability—despite only buying A$20,000 worth of cryptocurrency.
Australia and several other major companies are making moves to get their cut of cryptocurrency profits.
The updated ASIC guidance spells out the legal obligations cryptocurrency firms must discharge to operate lawfully in Australia.