Australia's first crypto-friendly IPO will accept Tether
An Aussie company operating an aquaculture farm in Malaysia is conducting the first initial public offering to accept crypto assets in Australia. Australia’s crypto-friendly capital raising platform Stax has announced its client West Coast Aquaculture Group (WCA) will be conducting the country’s first initial public offering that accepts virtual currency as payment.Investors participating in WCA’s offering can purchase equity in the company using Tether (USDT) or Australian dollars. USDT was chosen over Bitcoin (BTC) and Ethereum (ETH) due to its price stability.Speaking to Cointelegraph,....
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The global fast food chain is among the first to participate in a crypto-friendly experiment in the town of Lugano. Multinational fast food chain McDonald’s started to accept Bitcoin (BTC) as a payment method in the 63,000-populated city of Lugano in Italian Switzerland, which is becoming a hotspot for crypto adoption in Western Europe. A one-minute video of ordering food on McDonald’s digital kiosk and then paying for it at the regular register with the help of a mobile app was uploaded on Twitter by Bitcoin Magazine on Oct. 3. The Tether (USDT) logo could be spotted next to the Bitcoin....
Today, CoinJar, Melbourne-based Bitcoin payments provider, announced Tomcar's decision to accept Bitcoin in payment. Tomcar Australia is now the world's first original equipment car manufacturer to accept Bitcoin. Tomcar Australia's Co-Founder & CEO, David Brim, highlighted the similarities between Bitcoin and Tomcar. According to Brim, Tomcar "disrupts the old system" just as Bitcoin provides around traditional payment methods. Tomcar has been in the business of manufacturing unique commercial off-road utility vehicles for over 30 years. Bitcoin will inevitably open up the door for....
The Australian senate committee made 12 proposals to modify the current license and regulations over crypto assets, as well as the laws of taxation. The lawmakers believe Australia could take the lead in the digital economy if the laws were amicable. The Senate Committee on Australia as a Technology and Financial Center (ATFC) states that […]
Australia’s financial regulator is going after inactive crypto companies still appearing on official lists. The Australian Transaction Reports and Analysis Centre (AUSTRAC) disclosed Tuesday that it would remove registrations from exchanges that have ceased trading but are still on their books. Related Reading: Tether Flexes Strength With Nearly 8-Ton Gold Reserve For XAUT Token ‘Use […]
Governments and states have been taking different approaches towards bitcoin, with some such as the United Kingdom taking a relatively open-minded stance. Just recently, Australia also showed willingness to accept bitcoin as a regular currency, thanks to the Senate Economics References Committee review that concluded that bitcoin should be treated like any other currency when it comes to Goods and Services Tax (GST). This is in contrast to an earlier position taken by the Australian Taxation Office (ATO), which said last year that bitcoin is "neither money nor a foreign currency". This was....