This week the Australian Government released a Consultation Paper on a proposed regulatory framework for digital assets (aka cryptocurrencies). Its key objectives include: Establishing licensing rules for crypto custody and exchanges Commence a token mapping exercise to better define different digital assets Review of tax rules for crypto transactions and investment You can check out the paper in full here.
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The government’s opening salvo in the crypto realm has been fired, and it comes with some interesting insights into how the government plans on regulating the tech. The main insight is into a proposed licensing scheme for cryptocurrency exchanges. It would appear that Crypto Asset Secondary Service Providers (referred to in the doc as CASSPrs) will be subject to their
Read moreCheck out the excerpt of Business Insider’s article about BNPL Myths below. Buy now, pay later (BNPL) products such as Afterpay or Zip Pay have increased in popularity in recent years, with the Covid-19 pandemic seeing customer growth increasing dramatically. It’s unsurprising why this is the case given the fact millennials are now 37% less likely to own a credit
Read moreSome purchases are too big for a single pay cheque, or they can’t wait for payday. You can’t always control when you see a great bargain or need a new fridge or TV, but you CAN control how you pay for it. There are Smart Ways and Dumb Ways to pay. Let’s say you need a new fridge. We’ve looked
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