We met with the Treasury to discuss our concerns regarding their proposal to regulate digital asset platforms.

ABIB Members held a video meeting with Monoova to discuss how to reduce and prevent fraud.

Daniel Alexiuc stepped down as Director, replaced by Elmo Stoop. 

Jeremy stepped down as CEO.

David stepped down as Secretary, replaced by Bayani Mills.

We made a petition (Australia Should HODL Bitcoin) to the Australian Parliament House. The petition was approved by the petition committee and has been sent to the Treasurer for review.

We made a submission to the consultation process of the Attorney General’s Modernising Australia’s anti-money laundering and counter-terrorism financing regime.

We wrote an open letter to Commonwealth Bank regarding their restrictions on payments to bitcoin exchanges. Since then, other banks have also implemented delays or bans on transfer to bitcoin exchanges with little to no transparency.

Held a webinar with Sponsor and Tax Lawyer Adam Ahmed to discuss inheritance planning for personal and SMSF assets.

We reviewed the Digital Assets Bill that has been presented to Parliament and are consulting with key stakeholders regarding the implications.

Facilitated bi-annual meeting between members and AUSTRAC.

We provided Treasury with our position on their Token Mapping consultation paper.

We made a submission to the Australian Parliament House regarding their proposed Treasury Laws Amendment (2022 Measures No. 4) Bill 2022.

We reviewed the RBA’s CBDC pilot program and provided our position on the pilot via Twitter.

We provided Treasury with our position regarding their intention to introduce legislation that aims at “Clarifying crypto not taxed as foreign currency”

We provided the Board of Taxation with our position regarding their intention to review the tax treatment of digital assets and transactions

Jeremy Majid was appointed CEO

We made a submission to NSW government as part of their consultation request on nationally consistent scheme to access digital records upon death or loss of decision-making capacity

The members provided to AUSTRAC feedback on draft guidance to Australian Financial Institutions regarding customers in higher risk sectors

Our members, which are all the Aussie Bitcoin Exchanges, had a second and very productive meeting with AUSTRAC (Australian Transaction Reports and Analysis Centre)

All Members and Sponsors were invited to the meeting where we discussed past activities, future plans and financials

We submitted our response to Treasury in regards to ‘Crypto asset secondary service providers: Licensing and custody requirements’

We sent an email to over 800 federal elections’ candidates asking them 3 Bitcoin related questions:

1. What is your position on Bitcoin?

2. Do you accept Bitcoin donations?

3. Do you believe that “crypto” should be regulated as a whole or do you believe there are several categories within “crypto” (eg. stable-coins, security tokens, etc) and that Bitcoin deserves its own category, and thus its own separate regulations (much like in other countries)?

See the few replies we received here.

The ‘Australian Politics Committee’ and the ‘Bitcoin Mining Committee’ were formed

Our Members and Sponsors were invited to a video meeting with El Salvador Embassy in Australia and the Bitcoin Office in El Salvador

Our members, which are all the Aussie Bitcoin Exchanges, had a first and very productive meeting with AUSTRAC (Australian Transaction Reports and Analysis Centre)

we sent out a submission to the Senate Committee Hearing on Australia as a Technology and Financial Centre. Download the submission by clicking here.

Yes, we didn’t have a website for the first 2 weeks. Can you imagine?

This is when the Australian Bitcoin Industry Body (ABIB) was born