Australia’s AUSTRAC along with the Australian Bitcoin Industry Body, as well as cryptocurrency industry representatives recently met to discuss upcoming legislative changes affecting Digital Currency Exchanges (DCEs), hereforth being referred to as Virtual Asset Service Providers (VASPs), as well as and the broader digital asset ecosystem. The focus was on proposed AML/CTF reforms, reporting obligations, […]
In September 2024, the Australian Bitcoin Industry Body (ABIB) met with key Federal members of the Libertarian Party Australia to discuss shared values and the human rights natively enforced by the Bitcoin protocol. We explored Bitcoin’s non-partisan nature, emphasising that it is truly money for everyone. ABIB raised concerns regarding proposals by Commonwealth Treasury that […]
We are thrilled to announce the winners of the 2024 ABIB Awards, celebrating excellence and innovation in the Australian Bitcoin industry! These companies have demonstrated outstanding contributions in their respective categories, helping to advance the Bitcoin ecosystem in Australia. @theamberapp (AmberApp) 🏆 Best for Beginners🏆 Best UI/UX🏆 Best Brand & Design AmberApp has excelled in […]
We have made a submission in regards to Modernising Australia’s anti-money laundering and counter-terrorism financing regime. ABIB submitted its response to the Attorney-General’s consultation on modernizing Australia’s AML/CTF laws, advocating for a distinct regulatory framework for Bitcoin-only businesses. The submission emphasized that Bitcoin, as a decentralized commodity, should be treated differently from other cryptocurrencies, which […]
The Australian Bitcoin Industry Body (ABIB) members have actively participated in providing feedback to AUSTRAC on its draft guidance for Australian Financial Institutions concerning customers in higher-risk sectors. ABIB’s feedback aims to ensure that regulations strike a balance between preventing financial crimes and fostering innovation in the growing digital asset space. Key Areas of Feedback: […]
The Australian Politics Committee of ABIB is committed to shaping the political landscape in favor of Bitcoin adoption and regulation in Australia. Its key goals are: The Bitcoin Mining Committee takes charge in developing a robust and sustainable Bitcoin mining sector in Australia. Its objectives include: These committees are not just observing; they are leading […]
The Australian Bitcoin Industry Body (ABIB) met with representatives from the El Salvador Embassy in Australia and the Bitcoin Office in El Salvador to discuss collaboration and shared goals in advancing Bitcoin. Key Attendees: Key Highlights: This meeting marked a positive step toward continued dialogue and potential future partnerships.
ABIB held the first of it’s bi-annual meetings between its members and AUSTRAC to foster open dialogue on regulatory compliance and anti-money laundering (AML) and counter-terrorism financing (CTF) efforts. These meetings serve as a platform for ABIB members to discuss challenges, provide feedback, and stay updated on evolving compliance requirements. Key objectives of these meetings […]
The Australian Bitcoin Industry Body (ABIB) was established on August 27, 2021, with the mission to advocate for and advance the interests of Australia’s Bitcoin-only sector. As a representative voice for the industry, ABIB fosters collaboration between stakeholders, including government, regulators, and the media, to shape a coherent regulatory framework for Bitcoin. Since its inception, […]