The Australian Bitcoin Industry Body (ABIB) and Bitcoin Policy Australia have lodged a second submission to the Reserve Bank of Australia’s Review of Merchant Card Payment Costs and Surcharging, urging the RBA to move beyond incremental reforms and consider the encouragement of Bitcoin as a low-cost, cash-like permissionless digital payment rail. Building on their 2024 […]
The Australian Bitcoin Industry Body (ABIB) and Bitcoin Policy Australia have jointly called on the Reserve Bank of Australia (RBA) to address inefficiencies in the current payment systems by embracing Bitcoin as a low-cost, cash-like digital payment solution. This comes in response to the RBA’s Review of Merchant Card Payment Costs and Surcharging and highlights […]
The Australian Bitcoin Industry Body (ABIB) has renewed its call for the Reserve Bank of Australia (RBA) and the Australian Government to diversify national reserves by allocating a portion to Bitcoin. This follows the inaction on ABIB’s 2023 proposal and highlights Bitcoin’s growing global recognition as a resilient and decentralised reserve asset. ABIB emphasises the […]
The Australian Bitcoin Industry Body (ABIB) has responded to recent remarks by RBA Governor Michele Bullock, who asserted that Bitcoin “is not money” and has “no role in the Australian economy,” by offering to collaborate with the RBA to improve understanding of Bitcoin’s unique role and benefits. ABIB proposed to provide educational resources, clarify distinctions […]
In a formal submission to the Senate Standing Committee on Environment and Communications, we warned that its passage could severely harm free speech, public dialogue, and Australia’s democratic values.
The Australian Bitcoin Industry Body (ABIB) has responded to recent actions taken by the Commonwealth Bank of Australia (CBA), which imposed new restrictions on payments to bitcoin exchanges. In an open letter, ABIB voiced concerns about the lack of consultation with the bitcoin-only industry and the transparency surrounding these changes. Representing bitcoin-only exchanges committed to […]
The Australian Bitcoin Industry Body (ABIB) has expressed significant concerns regarding the proposed Digital Assets (Market Regulation) Bill 2023, urging lawmakers to consider the unintended consequences it may have on the Bitcoin-Only sector in Australia. The submission can be downloaded.
The Australian Bitcoin Industry Body (ABIB) has submitted key recommendations to the Treasury’s consultation on the proposed licensing and custody requirements for Crypto Asset Secondary Service Providers (CASSPrs). ABIB’s submission underscores the need for regulatory distinctions between Bitcoin and other crypto assets, advocating for a tailored approach that supports innovation while ensuring consumer protection. With […]
In its submission to the Select Committee on Australia as a Technology and Financial Centre, the Australian Bitcoin Industry Body (ABIB) highlights the challenges posed by the debanking of cryptocurrency-related businesses. ABIB outlines the risks for digital currency exchanges (DCEs), particularly the sudden termination of banking services without explanation, which can cause significant financial and […]