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Topic: [2015-10-08] Bitcoin in Australia Witnesses Hard Times – 13 Bitcoin Exchanges... (Read 363 times)

full member
Activity: 2408
Merit: 202
I follow the the history of austrilian government how treat bitcoin as currency
Australia as i know bitcoin or cryptocurrency is treated as money
Sad to heard this negative news, hope this harassment from the cryptocurrency exchange will be fix right away
legendary
Activity: 3080
Merit: 1353
So the Banks are up to their old shit again. They attempted the exact same thing a few years ago and people took them to court and they won on the bases that they were not acting in a manner that was conducive for fair competition. Now, people must stand together again to do this for the second time.

The Banks will try anything in the power to retain their monopoly and the government is supporting them. The solution will have to be international participation and pressure on Banks to allow fair competition in this market.  Angry

If you look at when the OP open this thread, its 2015. That's when Australia hasn't recognized Bitcoin. But in 2017 they already made a U-turn and embraced crypto so this news is kinda out-dated but its crazy if you look back then. Australia today is one of the world safe haven for crypto and what a turn of events in just a span of 2 - 3 years.
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
So the Banks are up to their old shit again. They attempted the exact same thing a few years ago and people took them to court and they won on the bases that they were not acting in a manner that was conducive for fair competition. Now, people must stand together again to do this for the second time.

The Banks will try anything in the power to retain their monopoly and the government is supporting them. The solution will have to be international participation and pressure on Banks to allow fair competition in this market.  Angry
newbie
Activity: 2
Merit: 0
This might have been the case back in 2015 but since the Australia government agency AUSTRAC started regulating the industry in 2018 more and more exchanges are opening.

The Digital Commerce Association seems to be the industry representative (http://adca.asn.au) and you can find a list of the many new Exchanges and Blockchain Technology companies.

I think the newest exchange to be listed is Bitcoin Australia: https://bitcoinaustralia.com
tyz
legendary
Activity: 3360
Merit: 1533
Bitcoin in Australia Witnesses Hard Times – 13 Bitcoin Exchanges Closed

Despite the fact that bitcoin is gaining support in the USA and Europe, things are not equally good all over the world. Australian news says that 13 of the country’s 17 bitcoin exchanges have been closed by Australian banks.

http://www.coinspeaker.com/2015/10/07/bitcoin-businesses-australian-banks-close-most-exchanges-12317/
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