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First Australian crypto firm to get a financial services license

Australian-based cryptocurrency exchange BTC Markets has become the first crypto company in the country to gain a financial services license. An Australian Financial Services (AFS) license allows the holder to give advice, deal in and create a market for a financial product. Although the license isn’t currently needed for crypto companies in Australia, BTC Markets...

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Nearly half of Western Australians looking for new jobs

WA recorded its tenth consecutive month of rising job ads according to May’s SEEK employment report, the longest stretch of continued ad growth in the country. The report also found that WA was the only state with an increase in applications per ad, up 2%. In terms of unemployment, WA is experiencing record lows with...

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Crypto currency to be excluded from foreign currency tax arrangements

The Australian Government has confirmed crypto currencies will continue to be excluded from foreign currency tax arrangements. The government will move to legislate the current tax arrangements, meaning crypto assets will not be regarded as foreign currency for tax purposes in Australia. Capital gains tax will continue to apply to crypto assets held as investments....