digital assets Archives

After 15 months in power, federal Labor continues to hasten slowly on regulating cryptocurrency

Simon Thomsen - September 5, 2023 4 MIN READ

Regulation of Australia’s cryptocurrency sector remains a distant possibility, despite a catastrophic 12 months for the industry, after a government-dominated committee preferred to kick the can further down the road rather than embrace a private senator’s bill on the issue from opposition senator Andrew Bragg. The Senate Economics Legislative Committee, chaired by Labor’s Jess Walsh,… Read more »

Other tech

The law hasn’t kept up with the digital age when it comes to dying – here’s what you need to know

Startup Daily - June 8, 2023 4 MIN READ

If you’ve written a will – and if you haven’t, you may want to consider it – you’ve almost certainly thought about what you would like to happen to your assets, like property, after you pass away. But have you also considered getting your digital affairs in order? As our lives become increasingly digitised, most… Read more »

People

Former Blockchain Australia boss Steve Vallas signs on as advisor to new impact startup ecosystem

Simon Thomsen - October 25, 2022 2 MIN READ

New innovation and investment firm, Skafold signed on former Blockchain Australia CEO Steve Vallas as its new senior technology advisor. The role is responsible for exploring and advising all Skafold activities related to blockchain, digital currencies, digital regulation and technology more broadly. Skafold’s diverse innovation and investment ecosystem works closely with innovators and entrepreneurs to… Read more »

Cryptocurrency

Corporate regulator ASIC puts a temporary halt on Sydney investment firm Holon offering 3 crypto funds to retail investors

Simon Thomsen - October 17, 2022 2 MIN READ

Corporate regulator the Australian Securities and Investments Commission (ASIC) has sin-binned Sydney firm Holon Global Investments from offering three of its cryptocurrency funds to retail investors for three weeks due to concerns that they’re not suitable for the retail market, with the product disclosure statements pointing out that the funds could end up worthless. The… Read more »

Cryptocurrency

Crypto advocate Senator Andrew Bragg has launched his own digital assets legislation to Parliament

Simon Thomsen - September 23, 2022 3 MIN READ

The architect of Australia’s first response to regulating digital assets in Australia has lost patience with the new government, issuing his own draft legislation in a bid to push Labor to act on the issue. Liberal senator Andrew Bragg coauthored a landmark Senate Select Committee report into digital asset regulation last year, investigating issues such… Read more »

Cryptocurrency

The Albanese government is finally getting cracking on crypto regulation

Simon Thomsen - August 23, 2022 4 MIN READ

The Albanese government is looking to map out Australia’s cryptocurrency landscape, taking a slower approach to digital asset regulation and reform than the former Morrison government. In a joint announcement on Monday by federal treasurer Jim Chalmers, Assistant Treasurer Stephen Jones and competition, charities and treasury assistant minister Dr Andrew Leigh, they said “the first step… Read more »

Cryptocurrency

Corporate watchdog ASIC has moved to licence cryptocurrency investment

Simon Thomsen - November 2, 2021 2 MIN READ

Corporate regulator, the Australian Securities and Investment Commission (ASIC) is ramping up its oversight of the investment side of the local cryptocurrency market with licences for crypto-asset holders. The regulator has introduced a new “crypto-asset” section in its licensing applications and responsible entities seeking to hold them will need that an authorisation in relation to… Read more »

Cryptocurrency

Australia needs to move quickly to become a financial hub for digital assets: Senator Andrew Bragg

Senator Andrew Bragg - October 7, 2021 4 MIN READ

In 2018 US Senator Orrin Hatch naively questioned how on earth Facebook could sustain a business model in which users don’t pay for a service… Before Mark Zuckerberg politely pointed out that they run advertisements. Just last month US Senator Ted Cruz’s speech went viral when he claimed less than 5% of his colleagues had… Read more »

Funding

Digital assets fintech Monochrome raises $2.4 million series A

Simon Thomsen - September 20, 2021 2 MIN READ

Digital assets platform Monochrome Asset Management as raised US$1.8 million (A$2.4m) in series A funding as it looks up become the Australian market leader in alternative investment. The round, which values the business at A$20 million, included Wei Zhou, former CFO of Binance, Litecoin creator Charlie Lee, Samson Mow, CSO of Blockstream, and Kain Warwick, founder… Read more »

Fintech

Startup Daily TV: Senator Andrew Bragg on the Senate inquiry into cryptocurrencies and digital assets

Simon Thomsen - September 7, 2021 2 MIN READ

Public hearings for the Senate Select Committee looking into the potential of cryptocurrencies and digital assets continue this Wednesday, September 8. Fintech Australia, Judo Bank, Afterpay, the ASX, ACCC and ATO among those appearing before the committee, chaired by Senator Andrew Bragg. Ahead of the hearing, Senator Bragg joined Startup Daily show to outline his… Read more »

Trending