Commonwealth Bank will limit customers from sending money to certain cryptocurrency exchanges and implement monthly limits on crypto purchases.
The Australian sharemarket gave up early gains despite stronger information technology and consumer discretionary stocks and a positive session on Wall Street.
It was a great year for crypto billionaires - until this week.
The SEC claims Binance has secretly sent billions of dollars in customer funds to a company controlled by its founder,Changpeng Zhao. The regulator’s sweeping case could remake the landscape of power and wealth within crypto.
The tax treatment of non-fungible tokens (NFTs) are now on the radar of the Australian Tax Office.
Binance Australia has been kicked off a major payments service and banned by big four bank Westpac,leading it to block customers from depositing or withdrawing funds.
With tax time fast approaching,cryptocurrency traders and holders should be aware of some important developments in the tax space.
The founder of the collapsed cryptocurrency exchange claims that FTX and its lawyers had become de facto agents of US prosecutors,building the criminal case against him.
ATMs allowing people to buy bitcoin and other crypto in newsagencies,convenience stores,service stations and shopping centres are rapidly increasing.
Every year,millions of dollars worth of cryptocurrency vanish,locked away forever because the people who hold them pass away.
Without entering a building,pointing a gun or driving a getaway car,the crooks escaped with $135 million. None of the money has been recovered.