Australia to regulate bitcoin under counter-terrorism finance laws

By Jewel Topsfield
Updated August 9 2016 - 4:28am, first published August 8 2016 - 5:56pm
Many countries do not have proper regulatory frameworks for digital currencies. Photo: istock
Many countries do not have proper regulatory frameworks for digital currencies. Photo: istock
A review recommends the definition of e-currency be broadened to include digital currencies such as bitcoin that are not backed by a physical asset. Photo: Chris Ratcliffe
A review recommends the definition of e-currency be broadened to include digital currencies such as bitcoin that are not backed by a physical asset. Photo: Chris Ratcliffe
Justice Minister Michael Keenan will inform a summit on the work Australia is doing to improve its anti-money laundering and counter-terrorism financing laws. Photo: Justin McManus
Justice Minister Michael Keenan will inform a summit on the work Australia is doing to improve its anti-money laundering and counter-terrorism financing laws. Photo: Justin McManus

Jakarta: Australia is moving to become one of the first countries to regulate e-currencies such as bitcoin under its anti-money laundering and counter-terrorism financing laws.

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