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Token issue raises US$25 million

The market for initial coin offerings is getting tighter, with the regulator cracking down on what it sees as sub-standard issues. But there is still life in the market, as the latest First Growth Funds deal shows. In August, Global

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300,000 Australians trade digital currencies

Australian digital currency exchanges have more than 300,000 customers, with more than 232,000 of registering in 2017, according to new research. A report prepared for the Australian Digital Commerce Association by Accenture, Industry of the New, says that in February

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Bitcoin ‘hit’ by low volatility

First the price of Bitcoin collapsed and now its volatility has fallen to its lowest level since May last year – before it started its big surge. Investors welcome low volatility in most markets but it is not clear what

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Cryptocurrency service disputes growing

There was a big increase in complaints about cryptocurrency service providers in 2017/18, according to the Financial Ombudsman Service, with the most common issues failure to follow instructions, poor disclosure and inappropriate advice. The FOS annual review says cryptocurrency disputes

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Cryptocurrencies a start-up funding tool

The investment case for cryptocurrency is moving on from being a speculative play to more of a venture capital focus, as a growing number of start-up entrepreneurs move into the space. Daniel Weinberg, chief executive of blockchain technology company Kenetic

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Merchants unsure about accepting crypto payments

As the Bitcoin network nears its tenth anniversary, the great majority of merchants are unsure about whether they will accept digital currency for payments. Acceptance of digital currency remains largely off the agenda for the great majority of Australian merchants,

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Crypto bill payment market expands

The range of payment services that allow consumers to pay their bills online using cryptocurrency is growing, with at least four providers now in the local market. In the latest move, bill payment company Gobbill has partnered with cryptocurrency exchange

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Customer inquiries can trigger SMRs

Digital currency exchange providers, who are now covered by the anti-money laundering regulator Austrac, will have to file suspicious matter reports even in situations where a transaction does not occur. Austrac hosted a webinar earlier this month to provide guidance

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