Australians who wish to purchase cryptocurrencies will have to first provide identity documents and open an account with the digital currency provider in question, a spokesperson for Minister for Law Enforcement and Cyber Security, Angus Taylor (below, right), says.
Australia has no official policy on cryptocurrencies. That is the only conclusion one can draw, after nearly a month of chasing the minister on cyber security, Angus Taylor, to get an answer.
Nearly half of all initial coin offerings in 2017 failed at the funding stage or later, despite collecting a total of US$104 million, according to Tokendata, which tracks such offerings.
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It's taken a very long time - very long.
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