Briefings

16 June 2023

Submission to Attorney General on Modernising Australia’s anti-money laundering and counter-terrorism financing regime

ABIBActivity, Briefings AML - Anti-Money Laundering, Attorney General's Office

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 […]

18 August 2022

AUSTRAC Consultation

ABIBActivity, Briefings AUSTRAC 0

The Australian Bitcoin Industry Body (ABIB) members have actively participated in providing feedback to AUSTRAC on its draft guidance for Australian Financial Institutions concerning customers in higher-risk sectors.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: […]

24 April 2022

Formation of ‘AUSPOL’ & ‘Bitcoin Mining’ Committees

ABIBActivity, Briefings AUSPOL, Bitcoin Minig

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 […]

9 February 2022

El Salvador Embassy Meeting

ABIBActivity, Briefings ABIB - Australian Bitcoin Industry Body, El Salvador

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.

9 December 2021

First AUSTRAC Meeting

ABIBActivity, Briefings AUSTRAC

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 […]

27 August 2021

Inception

ABIBActivity, Briefings ABIB - Australian Bitcoin Industry Body

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, […]