The GRC Institute held its first ever AML (anti-money laundering) and Financial Crimes Congress over the 19th and 20th of March in Melbourne, Australia.
The BAA has partnered with Disruptocon this year to offer members 20% off when registering. The discount code will be sent to all members via our upcoming newsletter.
When: 28-29 April 2015
Where: Swiss Hotel, Sydney
More info: www.disruptocon.com
If you’d like to register prior to receiving the next newsletter, please email us and we will send you the code directly.
Harnessing disruptive innovation & injecting start up DNA into your organisation should be a key business objectives- but do you know how?
Every business owner today needs to have a strategy to develop and harness innovation internally. Failing to keep up with current trends means that you may be putting your business at risk of being disrupted by new and more efficient business models.
Over two days the leaders of Australia’s and the world’s disruptive ecosystem will present their strategies, visions and thoughts on how to stay agile, innovative and succeed in the age of disruption.
This event features unique case studies from large corporates regarding their internal start up strategies and including sessions from the experts who have been hired to set them up. This together with keynote presentations from VCs and the investment community on where they are focussing their investments and why will put you in the loop as to where your business sits inside the disruptive ecosystem. Finally hear from market makers – the disruptors themselves – on how they formulated their business models, their key success factors and where they see the market moving.
Wednesday, 4th of March the Australian Senate inquiry chaired by Senator Dastyari heard expert testimony by Andreas Antonopoulos.
Unsurprisingly Andreas espoused the virtues of bitcoin as a game changer with significant opportunity to disrupt current businesses in the finance sector.
In response to the ease in which current regulatory frameworks can be used for bitcoin Antonopoulos indicated existing frameworks could be used, depending on the specific use case.
Specifically mentioned were custodial services that offer bank like products for bitcoin holders could fall under traditional regulation.
He went on to mention new products that can be offered that blurs the lines between traditionally thought of products, where an institution has complete control over deposited funds, to where an institution has partial control as in the case with multi signature addresses.
It is likely current regulation will not cover this very likely use case.
In addressing the issue of anonymity Antonopoulos went on to say that bitcoin offers a perfect forensic ledger of transactions in the form of the blockchain. That ledger couple with due process and traditional investigative techniques actually makes bitcoin a far worse tool for criminals than completely anonymous traditional cash.
In his closing remarks, when asked whether he saw people using bitcoin type banks, Antonopoulos said that in some markets yes, and in some markets no.
He also remarked that he hopes there is enough innovation in this space to have more people have decentralized control over their money.
Watch Andreas’s full testimony below.
On Wednesday 26th November 2014, the Economics References Committee in the Australian Senate held hearings on digital currency including Bitcoin.
The hearing was chaired by Labor Senator Sam Dastyari following guidance issued in August by the Australian Taxation Office that GST will be charged when businesses supply bitcoins or receive bitcoins in return for goods and services.
The Bitcoin Association of Australia submitted our comments to the Senate Economics References Committee for their inquiry into digital currency.
All submissions to the inquiry can be viewed here .
Here is the full recording of the hearing.
UPDATED 27th NOV 2014
Thanks to everyone who attended the “sold out” (free) event, The Bitcoin Address, in Melbourne and Sydney. Andreas Antonopoulos, Tatiana Moroz and Pamela Morgan were very well received in Australia before heading to New Zealand’s Bitcoin South conference.
Below are recordings of their Australian appearances.
Melbourne 24th Nov 2014
Sydney 25th Nov 2014
POSTED 5th NOV 2014
The Bitcoin Association of Australia is proud to partner with CoinJar and College Cryptocurrency Network to bring The Bitcoin Address to Melbourne and Sydney, including crypto expert Andreas M. Antonopoulos, entrepreneur and musician Tatiana Moroz and Principal of Empowered Law, Pamela Morgan.
The event is free and open to the public.
When: 6:30pm, Monday 24 November
Where: Inspire9, 1/41 Stewart St, Melbourne VIC 3121
Reserve Your Place Here
When: 6:00pm, Tuesday 25 November
Where: Atlassian, Level 6, 341 George St Sydney, NSW, 2000
Reserve Your Place Here
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Andreas M. Antonopoulos
“I’ve been looking forward to visiting Australia, as it has a vibrant and active bitcoin community. Australia’s high tech and entrepreneurial culture combined with its young population make it fertile ground for bitcoin.”
Andreas M. Antonopoulos is a world-renowned technologist and serial entrepreneur who has become an in-demand speaker on all matters surrounding the crypto-currency, including a recent appearance before the Canadian Senate. Author of ‘Mastering Bitcoin’, Antonopoulos has launched several bitcoin companies and projects, and advises other companies on using the crypto-currency to its full potential.
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“I have always dreamed of visiting Australia. It represents this raw adventurous spirit… I know that bitcoin has some really solid support and interest in the community, but I also know that just like in the states, there will be plenty of people who don’t know about it yet! In between hiking, swimming, and checking out the sites, I hope to have many opportunities to share how bitcoin has improved so many lives around the wall and is a truly international phenomena.”
Tatiana Moroz was so passionate about crypto-currencies, she began her own — Tatiana Coin — as a way of fundraising to kickstart her music career. The US-based musician is now credited with spreading use of bitcoin among the artistic community, particularly in New York.
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Pamela Morgan is Principal of Empowered Law, former member of the Bitcoin Foundation and an expert in all things bitcoin law. She regularly works with businesses and projects relating to smart law, smart contracts and using blockchain technology to reduce risk and uncertainty in business and legal settings.
About the organisers
CoinJar is Australia’s largest and longest running bitcoin company. They create simple products to empower people to manage their digital finances, including Australia’s first bitcoin EFTPOS card, Swipe. They’re proud sponsors of this event.
The College Crypto Network started in the United States in March 2014. They bring students, staff, and faculties interested in Bitcoin together, providing a forum for discussion and events on campuses. The CCN now has clubs operating in over 100 universities across 6 continents, with its Australian base at The University of Melbourne.
The Bitcoin Association are Australia’s leading Bitcoin advocacy group dedicated to the standardisation, protection, and promotion of Bitcoin and crypto-currency in the region.
First and foremost i would like to thank the board of the Bitcoin Association of Australia. The board is comprised of volunteers who have, for over a year now, given up their time to further the progress and awareness of Bitcoin in Australia.
I’d also like to thank the founding members, who have since moved on to other projects, for their vision in helping start our association. These founding members have been key in helping shape the organisation.
A big thanks has to go to you, the members of the Bitcoin Foundation and the Bitcoin Association of Australia. Your help and support is what define us. The success of the Bitcoin Association of Australia is a function of your support, and I speak on behalf of the board when I say we exist to represent and serve you.
The board is a geographically disperse group of people with various skill sets ranging from deeply technical to finance to managerial. We each bring to the table our experience and a passion to change the world.
Over the past year we’ve seen good progress in achieving our goals of promoting and educating people regarding Bitcoin within Australia.
Firstly was the run up to being one of the first affiliates of the Bitcoin Foundation. This was a lengthy negotiation process that has ultimately put us in a great position to move forward with their support.
The Bitcoin Association of Australia was also involved in the first homegrown Bitcoin conference in Australia – the Bitcoin Barcamp put together by Sharon Lu. Several members of the board made the trip to Sydney to introduce themselves, attend the conference, and answer questions from the participants.
Not only was the BAA at the Barcamp, we were represented at Sydneys Cryptocon and Melbourne’s Inside Bitcoin conference.
Just recently, I represented the BAA at the Vegas Inside Bitcoin conferences with the goal building good international relationships. It is important that as a representative of the Australian community we can plug in and work with people internationally. I made some great contacts which the BAA can leverage to help promote the Bitcoin movement in Australia.
I’d like to thank the organisers of these conferences, namely Jonny Peters, and Meckler Media for their support of the Bitcoin Association of Australia.
Not only has the BAA been involved in national and international community events, we have begun putting together local events such as Bitcoin Professionals.
Bitcoin Professionals is a specialised meet up, begun in Sydney with the help and assistance from Reuben Bramanathan, recently been syndicated in Melbourne with Remco Marcelis taking the lead.
The idea behind Bitcoin Professionals is to target the professional demographic, in a semi-formal setting to promote Bitcoin, dispel myths and talk to people about how Bitcoin might apply in specific business environments.
The BAA would like to thank both Reuben and Remco for their efforts.
Bitcoin has grown up over this past year. We, as a community have been put in the spotlight from regulators, legislators and law enforcement alike.
The BAA was proudly represented in Canberra this year educating our public servants on what Bitcoin is, dispelling myths and re-enforcing truths. This forum was organised by the ADCCA, and the BAA would like to thank them for their support.
During the year the Australian Tax Office consulted the Bitcoin industry regarding the taxation of Bitcoin in Australia. The BAA was a part of that consultation process and worked with the ATO to provide education and information about Bitcoin, and the ways in which we would like to see taxation fairly applied.
As a part of this process the BAA provided a public response to the ATO. I would like to thank Adroit Lawyers and McCullough Robertson for their support in putting together this wide ranging and exceptionally detailed response.
Regarding law enforcement, the BAA has provided training and information to several bodies, both at the national and state level.
The Bitcoin Association of Australia has developed significantly over the past year. The board first came together as a group of enthusiasts, but matured into a trusted organisation that has become a focal point in Australia, taking real action to support the development of Bitcoin in Australia.
While the BAA might be the focal point of Bitcoin in Australia, we only exist because of our passion and belief in Bitcoin. We were all a part of the community before putting our hands up for the BAA and we all believe at a very fundamental level that Bitcoin represents positive change in our society.
There is so much for our community to do. We are only limited by our imagination and willingness to contribute. If you have an idea, get in touch. If you want to get involved with the BAA, drop us a line.
Let’s change the world, let’s do it together.
Vires in Numeris
President, Bitcoin Association of Australia.
The Sydney event will take place at the Park Royal Hotel, Darling Harbour.
Broadly the event will focus on Cryptocurrency as “The Internet of Money”. There will be exhibits and networking opportunities.
Speakers will include CEOs and founders of numerous Bitcoin organizations: exchanges, ATM manufacturers, research institutes, venture capitalists and more.
There is a delegate registration deal for Association members.
For Association members, there is a coupon code for the half-price VC/Start-up rate of $500 + GST (Sydney) or US$500 (Singapore). Please contact the board for details.
The Bitcoin Association of Australia is happy to announce that we’ve partnered with Inside Bitcoins Conference and Expo, the largest bitcoin event worldwide, to offer members 15% OFF admission. The event will be taking place at the Melbourne Convention and Exhibition Centre on July 9-10 and is scheduled to explore the business of the cryptocurrency world with two days of informative sessions, exhibits, networking opportunities, and more.
The event’s 18 seminar sessions will be led by 25 expert speakers in the bitcoin, finance, technology, and investment industries, and will explore the latest issues facing cryptocurrency. The opening keynote titled “Bitcoin: a Public Good Privately Provided”,Ã‚Â will be presented by Nicholas Gruen, a widely-published policy economist and Chairman of the Australian Centre for Social Innovation.
Domenic Carosa, Co-Founder and Chairman of Future Capital, the company that recently launched a US$30 million global bitcoin fund, will be speaking on a panel titled “Bitcoin Ecosystem Investing: Do’s and Dont’s.”Ã‚Â
Don’t miss the chance to join other bitcoin enthusiasts in learning more about the business opportunities within bitcoin. Early bird prices expire on June 11, plus you’ll get an extra 15% OFF Full Conference Passes with code BCAU. Register now!
Events are better together. Take the time to forward this email to a coworker, friend, or fellow bitcoin enthusiast.
If you’re interested in sponsoring or exhibiting, send Inside Bitcoins an email.
The Association has released a position paper on the taxation of Bitcoin in Australia.
The document can be found here.