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Japan enacts first regulatory framework for stablecoins

Japan has become the first country in the world to enact a framework regulating the issue, distribution, and use of stablecoins, and protecting users from money laundering. Stablecoins refer to …
July 25, 2022

European Parliament adopts Digital Services Act and Digital Markets Act

The European Parliament announced the adoption of the Digital Services Act (DSA) and Digital Markets Act (DMA) to address the societal and economic effects of the tech industry in Europe. …
July 25, 2022

ACCC report reveals Australians lost more than $2 billion to scams in 2021

The Australian Competition and Consumer Commission’s (ACCC) Targeting Scams report revealed that Australians lost approximately $2 billion to scams in 2021. The report compiled data from Scamwatch, ReportCyber, 12 financial …
July 19, 2022

High Court hearing considers patentability of computer inventions

In early June, a hearing was held in the High Court of Australia to review an appeal from the Full Federal Court concerning the patentability directed to an electronic gambling …
July 19, 2022

Australian Treasury announces crypto is not taxed as a foreign currency

The Australian Treasury has announced that cryptocurrency will continue to be excluded from foreign currency tax arrangements. This decision came about after the Government of El Salvador granted Bitcoin the …
July 5, 2022

Australian users sue Apple and Google over breach of Australian Consumer Law

Australian users of the Apple App Store and Google Play Store have instituted simultaneous legal proceedings against the tech companies over an alleged breach of the Australian Consumer Law. The …
July 5, 2022

Australia’s BTC Markets receives first domestic financial services licence

The Australian-based cryptocurrency exchange, BTC Markets, has become the first of its kind to receive a financial services licence. The Australian Financial Services Licence (AFSL) is a licence granted by …
June 27, 2022

OAIC reiterates compliance with privacy laws and facial recognition technology

The consumer advocacy group CHOICE is referring major retailers such as Bunnings, Kmart, and The Good Guys to the Office of the Australian Information Commissioner (OAIC) over the use of …
June 20, 2022

Australian Border Force under scrutiny over data collection

It has been revealed that the Australian Border Force (ABF) may have potentially searched over 40,000 devices from foreign travellers in the last five years. The ABF acts as the …
June 20, 2022

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