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BlockchaINVEST • January 7 - March 11, 2019

At BlockchaInvest, international blockchain companies and crypto projects looking to raise capital meet local investors and fund managers in a…

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Tag: black market

Australian Government Set to Ban Cash Transactions Over $10,000, an Opening for Cryptocurrencies

Category: Business, Commentary, Finance, News, Regulation

Australian Government Set to Ban Cash Transactions Over $10,000, an Opening for Cryptocurrencies

The Australian government is looking to curb money laundering practices by introducing cash payment limits. In the May 8, 2018, federal budget unveiling, authorities made clear their intentions to tackle this menace by making it illegal to carry out cash payments exceeding $10,000. The new cash limit could also encourage the use of cryptocurrencies in the country. $50 Billion of…

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Australian Government May Intensify ‘War on Cash’

Category: Bitcoin, Finance, News, Regulation

Australian Government May Intensify ‘War on Cash’

Australia’s Black Economy Taskforce (BET) has called for a war on cash and has revealed 35 different methods of eliminating cash. The taskforce placed the blame on the consumers for encouraging the use of cash, which is being manipulated and utilized by criminals to fund large-scale fraudulent organizations. In an interview with News.com.au, the Australian federal government’s Black Economy Taskforce…

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