Australia Will Develop a Nationwide Blockchain Platform

Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) has announced the formation of a data consortium in partnership with IBM and law firm Herbert Smith Freehills for the purpose of building a groundbreaking large-scale, cross-industry smart contract platform for Australian businesses to collaborate and do business within. Australian National Blockchain The platform, which will be The post Australia Will Develop a Nationwide Blockchain Platform appeared first on CCN

Read More

IBM Wins AUD $1 Billion Contract to Develop Blockchain, Tech Initiatives for Australia Govt.

Computing giant IBM has been awarded a landmark contract to develop blockchain and other digital technology initiatives for the government of Australia. Announced on Thursday, the five-year, AUD $1 billion (~USD $740 million) contract is Australia’s latest attempt to make good on its goal to become one of the world’s “top-three digital governments” by 2025 The post IBM Wins AUD $1 Billion Contract to Develop Blockchain, Tech Initiatives for Australia Govt. appeared first on CCN

Read More

Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’

“Even if one is quite skeptical of whether bitcoin will have a significant role in the economy in the future, I think it is hard to avoid some admiration for its design,” Reserve Bank of Australia official Tony Richards thus addressed bitcoin and cryptocurrencies in general in a speech to the Australian Business Economists in The post Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’ appeared first on CCN

Read More

Australia’s Biggest Stock Exchange Targets Blockchain Integration in 2020

The Australian Securities Exchange (ASX) has said it will implement a blockchain-based post-trade system from as early as Q4 2020, replacing the current Clearing House Electronic Subregister System (CHESS) system. A public consultation paper released by the ASX outlines planned new features, alongside a two-and-a-half year implementation plan. The paper confirmed that The ASX will The post Australia’s Biggest Stock Exchange Targets Blockchain Integration in 2020 appeared first on CCN

Read More

Australia Seeks Public Input on its Tax Treatment of Cryptocurrencies

Australia’s official taxation department has opened a public consultation to hear feedback about its tax guidelines on cryptocurrencies. In a statement this week, the Australian Taxation Office (ATO) confirmed an update of its cryptocurrency tax guidance after admitting to fielding a number of community queries ‘about how to approach specific tax events.’ In light of … Continued The post Australia Seeks Public Input on its Tax Treatment of Cryptocurrencies appeared first on CCN

Read More