Australia Moves to Regulate Bitcoin

Australia Moves to Regulate Bitcoin

Advertised sites are not permitted by us. They might be unsafe, untrustworthy, or bootleg in your jurisdiction.

Digital currencies such as bitcoin are appealing for terrorism financing, according to Australia’s financial comprehension agency, AUSTRAC, that is job for them to umpire it underneath a anti-money laundering and counter-terrorism financing laws.

A news published by AUSTRAC, Terrorism financing in Australia 2014, settled that terrorism financing was branch a courtesy to electronic and online remuneration methods, that is expected to arise over time.

The news said:

Terrorist groups intent in radicalisation, recruitment and communication online (such as by amicable media) are a quite high risk of controlling online payments systems and digital currencies.

According to a Sydney Morning Herald, this week AUSTRAC is co-hosting a counter-terrorism financing limit with Indonesia in Bali. At a summit, Justice Minister Michael Keenan is formulation on informing those in assemblage of a work Australia is committed to doing when it comes to improving a anti-money laundering and counter-terrorism financing laws as it works toward controlling digital currencies.

Misuse of Bitcoin

It hasn’t been well-spoken sailing for bitcoin given a arrival.

In 2014, a gone Toyko-based Mt. Gox halted trade after 850,000 bitcoins went missing,

Read more ... source:

Advertise on the Bitcoin News


Read previous post:
Bitcoin ‘Hacker Residency’ to Launch in New York

A bitcoin development training program will launch in New York City this September to teach new developers the basics of the protocol....