Australia Spares Crypto in AUD $10,000 Cash Limit Draft Squeeze

A draft legislation in Australia is seeking to prohibit the use of cash in making transactions for amounts exceeding $AUD10,000 ($6,900) has spared cryptocurrencies. The goal of imposing the cash payment limit is to prevent tax evasion, money laundering and other illicit activities. Among the reasons the Australian government has given regarding the decision to […]

The post Australia Spares Crypto in AUD $10,000 Cash Limit Draft Squeeze appeared first on CCN Markets

Source: https://www.ccn.com/news/australia-spares-crypto-in-a10000-cash-payment-limit-draft-law/2019/07/29/

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