BonsaiGrace
Sat Jun 08 2024
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5 answers
981
Why can't i use Binance in Australia?｜. What that means is if you have crypto on Binance Australia, you can't cash it out as AUD into your Aussie bank account like you used to.As of June 2023, Binance ceased its support for AUD deposits and withdrawals via bank accounts in Australia
Why can't I use Binance in Australia anymore? I'm really confused about this. Does it mean that if I have cryptocurrency on Binance Australia, I'm unable to convert it into Australian dollars and withdraw it to my local bank account, as I've done before? I heard that Binance stopped supporting AUD deposits and withdrawals through bank accounts in Australia starting from June 2023. What's the reason behind this change? Could you please clarify this for me?
GeishaCharming
Sat Jun 08 2024
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7 answers
1608
What happens if you bring more than $10,000 into Australia?｜There is no limit to the amount of physical currency that may be brought into or taken out of Australia. However, travelers entering and departing Australia must report any currency they are carrying of $10,000 or more in Australian dollars, or the foreign currency equivalent.
What exactly happens if an individual brings an amount exceeding $10,000 into Australia? I've heard there's no cap on the physical currency that can be imported or exported, but there's a reporting requirement for sums of $10,000 AUD or its foreign currency equivalent. Could you elaborate on the consequences of failing to declare such sums? Are there any penalties or specific procedures one should be aware of? It would be helpful to understand the intricacies of this regulation.
WindRider
Sat Jun 08 2024
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5 answers
1180
Is Binance legal in Australia?｜The short answer is . It issued an edict to Australians who have invested in futures, options & leveraged tokens on Binance to close their position within 90 days.no.
Is Binance legal in Australia? This is a question that many investors and cryptocurrency enthusiasts in Australia may have pondered. The short answer to this inquiry is no. Binance, a global cryptocurrency exchange, has not been granted legal status in Australia. In fact, the platform has issued an edict specifically addressed to Australians who have invested in futures, options, and leveraged tokens on Binance. This edict instructs them to close their positions within a period of 90 days. This measure indicates that Binance is not operating legally in Australia and is taking steps to comply with local regulations. While this doesn't necessarily mean that Binance is engaging in illegal activities, it does highlight the importance of understanding the legal status of cryptocurrency exchanges in different countries before investing.
CryptoGuru
Sat Jun 08 2024
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0 answers
0
Does Australia use Bitcoin ATM?｜BitRocket Bitcoin ATM - .BitRocket Bitcoin ATMs with cash in Sydney, Melbourne, Brisbane, Perth, Adelaide, Launceston, Goldcoast Australia
Does Australia have a presence of Bitcoin ATMs? Are there BitRocket Bitcoin ATMs operational in Sydney, Melbourne, Brisbane, Perth, Adelaide, Launceston, and Gold Coast? How convenient is it to use these ATMs for cash transactions related to Bitcoin? Are these ATMs widely accessible and trusted among the Australian cryptocurrency community? What are the steps involved in using a BitRocket Bitcoin ATM for the first time? Are there any fees or special requirements to be aware of?
JejuSunshine
Sat Jun 08 2024
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6 answers
1161
Does crypto work in Australia?｜In Australia, . Many crypto-assets and other digital assets are commonly not considered to be financial products so the platforms where you buy and sell crypto may not be regulated by the corporate regulator, the Australian Securities and Commission (ASIC).cryptocurrency is legal but largely unregulated
Does cryptocurrency function effectively in Australia? In this country, numerous crypto-assets and digital assets are generally not categorized as financial products. Consequently, the platforms facilitating the purchase and sale of cryptocurrencies may not be subject to oversight by the corporate watchdog, the Australian Securities and Investments Commission (ASIC). This implies that while cryptocurrency is legally permissible in Australia, it remains largely unregulated. Could you elaborate on the implications of this unregulated status for cryptocurrency users in Australia?
