{"id":13992,"date":"2024-11-14T05:15:50","date_gmt":"2024-11-14T05:15:50","guid":{"rendered":"https:\/\/cryptoproguide.com\/%d0%ba%d1%80%d0%b8%d0%bf%d1%82%d0%be%d0%b2%d0%b0%d0%bb%d1%8e%d1%82%d0%b0-%d0%b2-%d0%b0%d0%b2%d1%81%d1%82%d1%80%d0%b0%d0%bb%d0%b8%d0%b8\/"},"modified":"2024-12-19T13:11:17","modified_gmt":"2024-12-19T13:11:17","slug":"cryptocurrency-in-australia","status":"publish","type":"post","link":"https:\/\/cryptoproguide.com\/uk\/cryptocurrency-in-australia\/","title":{"rendered":"Cryptocurrency in Australia"},"content":{"rendered":"
<\/p>\n
Some countries have already managed to partially or fully recognize bitcoins. Australia is one of them. The government intends to become a leader in digital innovation. When drafting legislation, local authorities are relying on the experience of other regulators and the peculiarities of blockchain. Cryptocurrency in Australia has not yet been equated with money, but it is supervised. Part of the population uses digital assets for business purposes.<\/p>\n
Bitcoin along with other digital coins was recognized back in 2017. An official statement was made by the Reserve Bank of Australia. Four years have passed, however, this time was not enough for a full-fledged regulation. Local legislative bodies faced a number of problems.<\/p>\n
Coins found themselves in the legal field to combat money laundering and terrorist financing. The relevant provisions appeared in 2018. All local cryptocurrency exchanges and exchanges must register with the Australian Transaction Reporting and Analysis Center – AUSTRAC.<\/p>\n
Depending on the digital asset use case, they fall under the current regulations:<\/p>\n