The National consumer Watchdog in Australia has released a critical report which clearly states that the cryptocurrency and trading scams are growing at a rapid pace. They are currently facing the 2nd biggest scams in the country. The independent government and the authority normally enforces the rules for the consumer...
It is a well-known fact that many cryptocurrency traders all over the world try to evade taxes. This is not due to the intent of evading the taxes but because of the complicated rules and regulations or lack of them pertaining to cryptocurrencies. That is why many of the crypto...
Cryptocurrency scams are happening all over the globe. However, Aussies lost a significant amount of cryptocurrencies last year. The total amount stands at US$ 2.1 million. This includes the amount which had to be paid via ransoms or the amounts which are lost fake ICO’s. This is an...
Nowadays it’s common that every nation, every company is interested in Blockchain research and various ways it can be harnessed. In the purview of that, the Australian Government has planned to sanction $500k US dollars to its Digital Transformation Agency for the 2018-19 budget plan The allocated money will...
Blockbid an Australia company receives a license from Australian Transaction Reports and Analysis Centre (Austrac) to legally operate as cryptocurrency exchange. This is marked as a third company in the whole world to get official approval for cryptocurrency trade. The highlighting aspect of this platform is that it will provide...
In recent news, Australian citizens have become victims of the scammers impersonating as tax agents and collecting taxes through Bitcoin. Australian Taxation Office(ATO) has warned the people to be vigilant from such fraudsters. ATO has issued a notice this week in which they describe the fraud that has been...
