Australia creates a crypto-monitoring task force and looks to exclude cryptos from foreign currency taxes

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

The new unit comes as the AFP has reportedly surpassed its $600 million revenue-raising target two years ahead of schedule, a target that was originally set by the AFP-led Criminal Assets Confiscation Taskforce and was expected to be reached by 2024. “It’s targeting assets, but it’s also providing that valuable, investigative tracing capability and lens for all of our commands across all of our businesses, whether they’re national security-related, child protection, cyber – or the ability to trace cryptocurrency transactions across the relevant blockchains is really, really important,” Jerga said.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Garlinghouse, XRP giveaway, and PwC – The latest on the scam that had it allCrypto-scams seem to have penetrated the industry to promote a few individual cryptos. Likewise, high-profile social media accounts have also fallen victim to unethical activities by hackers to promote crypto-scams. This could include both Bitcoin, as well as altcoins to achieve their agenda. The present episode, in many ways, is no different either. Spare no […]
Source: CryptoAmb - 🏆 22. / 68 Read more »