Australia

Australia's Government Allocates $5.3M for Blockchain Pilot Projects
The money will be spent on two pilot projects intended to show how cost reductions in regulatory compliance are possible with the use of blockchain.

Australian Bitcoin Mining Firm Iris Energy Doubles Pre-IPO Fundraising Target
The Sydney-based data center provider now aims to raise investment of AUS$40 million (US$31 million).

Mystery Over Why Blockchain Australia Revoked Membership of Crypto Project Qoin
Qoin is unsure why its membership in Austalia's leading blockchain industry group was terminated.

Bitcoin More Popular Than Gold in Australia, Report Finds
Nearly a quarter of surveyed investors state they plan to hold their investments for more than three years.

Facebook vs. Australia: Which Actually Won in the News and Power Battle?
Facebook is restoring news sharing in Australia after reaching a deal on a new media law. “The Hash” panel debates the power dynamics at play.

Australian Man Arrested for Trying to Launder $4.3M With Bitcoin
The man was arrested in his car, where police found $1 million in cash, cocaine and electronic devices.

Facebook Blocks Sharing and Viewing of News in Australia
In light of Australia’s proposed law to make digital giants like Facebook pay content publishers for journalism, Facebook has blocked sharing and viewing news on its platform in the land Down Under. The Hash panel weighs in on the power dynamics at play and the growing debate over Big Tech and centralized platforms.

Australia's Blockchain Ecosystem Needs More Support From Regulators, Says Industry Body
Blockchain Australia CEO Steve Vallas believes the country is "well placed" when it comes to blockchain, but financial regulators need to take a more active role.

IBM, Top Australian Banks Execute Country's First Blockchain Bank Guarantee
By digitizing the paper process, the Lygon joint venture says it has shown it can speed up bank guarantee issuances.

Australia's Central Bank Says Bitcoin 'Not Really Money,' No Risk to Financial Stability
The Reserve Bank's assistant governor for financial systems, Michelle Bullock, said there is "a lot of fuss over bitcoin."

