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Blockchain Bites: Australia digital IDs to slash scams and crimes, Institutional crypto custody ...

Retrieved on: 2024-03-31 21:58:58

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Blockchain Bites: Australia digital IDs to slash scams and crimes, Institutional crypto custody .... View article details on HISWAI: https://www.mondaq.com/australia/fin-tech/1446294/blockchain-bites-australia-digital-ids-to-slash-scams-and-crimes-institutional-crypto-custody-in-australia-new-bill-proposes-seizure-powers-over-digital-assets-cryptopia-lays-distribution-plans-immutable-and-king-river-back-%24100m-web3-games-fund

Summary

The article discusses cyber security in the context of the evolving digital landscape, focusing on the legal and regulatory challenges in integrating technologies like blockchain and cryptocurrencies, such as Bitcoin, into sectors like finance. It highlights Australia's digital ID bill, the legality and custody considerations for cryptocurrencies by territory, and aspects of decentralization in financial technology. The text also mentions the Australian Financial Services Licence, the emergence of exchange-traded funds for crypto, and specific cases such as Piper Alderman's involvement, suggesting an increasing intersection of digital innovation, legal frameworks, and cyber security.

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