Trading bitcoin without protection: Crypto exchanges in regulatory hole
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After an initial investment of around $3000 two and a half years ago, Sonia Sexton was eyeing off an $8500 windfall. Her risky bet on the wild and woolly world of cryptocurrencies appeared to have paid off, promising a return even the most ambitious investors would be pleased with.
But after months of dead ends, frustration and unanswered emails from online cryptocurrency exchange MyCryptoWallet where she first made her investment, the 60-year-old pensioner has given up on ever seeing her money again.
Trading bitcoin without protection: Crypto exchanges in regulatory hole
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Senators push for a crypto-friendly Australia
Senators push for a crypto-friendly Australia
20 May 2021 3:44AM
A Senate committee will examine the relative sophistication of Australia s regulations of cryptocurrencies and digital assets, compared to approaches taken in similar jurisdictions, among a raft of topics involving technology and finance.
This is to be the third and final phase of the Senate Select Committee on Australia as a Technology and Financial Centre, chaired by Senator Andrew Bragg and co-chaired by Senator Marielle Smith.
In its latest call for submissions, the committee said it will be looking at how blockchain tech, and digital asset technology in particular, could promote Australian investment and boost jobs.