ShadowFox
Fri Jun 07 2024
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5 answers
642
What happened to Binance, Australia?｜. It issued an edict to Australians who have invested in futures, options & leveraged tokens on Binance to close their position within 90 days.In 2021, the Australian Government, banned Binance from offering crypto futures and options in their market to mum-and-dad retail investors
What exactly transpired with Binance in Australia? It seems they've issued a directive urging Australian investors holding futures, options, and leveraged tokens on their platform to liquidate their positions within a 90-day window. Recall that in 2021, the Australian Government prohibited Binance from providing crypto futures and options services to retail investors. Was this a direct result of that ban, or are there other factors at play? It's intriguing to understand the reasons behind this move and how it might impact Australian crypto investors.
Martina
Fri Jun 07 2024
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5 answers
1223
Is crypto legal in Australia?
Could you please clarify for me if cryptocurrencies are legal in Australia? I've been hearing a lot about the potential of digital currencies but am a bit unsure about the legality of it all. Are there any specific regulations or laws that govern the use and trading of crypto in the country? I'd also like to know if individuals are allowed to own and trade cryptocurrencies freely in Australia, or if there are any restrictions or limitations. Thank you for your assistance in clarifying this matter for me.
WhisperWindLight
Fri Jun 07 2024
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7 answers
1123
Is crypto legalized in Australia?｜In Australia, . Many crypto-assets and other digital assets are commonly not considered to be financial products so the platforms where you buy and sell crypto may not be regulated by the corporate regulator, the Australian Securities and Commission (ASIC).cryptocurrency is legal but largely unregulated
Is cryptocurrency legal in Australia? This is a question that often baffles many crypto enthusiasts in the country. While cryptocurrency is indeed legal in Australia, it remains largely unregulated. Many crypto-assets and other digital assets are not typically considered financial products. This means that the platforms where you buy and sell crypto may not be subject to regulation by the Australian Securities and Investments Commission (ASIC), the corporate regulator. So, while crypto is legal in Australia, it operates in a more unregulated environment compared to traditional financial products.
Sara
Fri Jun 07 2024
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7 answers
1482
Is crypto legal tender in Australia?｜and are treated as property. It is legal to trade, spend, receive and store cryptocurrency, and they are an accepted means of payment for personal and business transactions, although merchants are not obliged to accept it. Bitcoin (BTC) and other cryptocurrencies are legal in Australia
Could you clarify the legal status of cryptocurrency in Australia? I understand it's treated as property, but is it officially recognized as legal tender? Also, is it permissible to trade, spend, receive, and store crypto in Australia? Additionally, are cryptocurrencies such as Bitcoin (BTC) widely accepted as a means of payment for personal and business transactions? However, am I correct in assuming that merchants are not obligated to accept cryptocurrency as payment?
Margherita
Fri Jun 07 2024
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6 answers
1271
Can you use Bitcoin in Australia?｜. It's legal to buy, sell, trade, spend, receive, and store.Bitcoin is 100% legal in Australia
Could you please elaborate on the usage of Bitcoin in Australia? Is it permissible to purchase, sell, exchange, utilize for transactions, receive payments, and securely store this cryptocurrency in the country? I've heard that Bitcoin is completely legitimate in Australia, but I'd like to have a clearer understanding of its legal status and practical applications within the Australian jurisdiction.
