Amanda Alexiuc of Living Room of Satoshi on Crypto Clothesline Podcast

This interview with Amanda Alexiuc from Living Room of Satoshi (LROS) was long anticipated and still gives us warm and fuzzies.  Not just because Amanda is our friend but because the Living Room of Satoshi was our first paid sponsor when we were so small even our family had to be reminded about that podcast thing we were doing. The Living Room of Satoshi took a leap and trusted we knew a little bit about what we were doing and jumped in with us. For this we are forever grateful. 

Amanda reminded us that the first moment we dip our toes into the crypto waters is daunting, overwhelming and can often be a lifetime of learning in such a raw and volatile new space.  You can find LRoS on Twitter, Facebook and Reddit and at https://www.livingroomofsatoshi.com/ Check out all our interviews on the Crypto Clothesline Podcast HERE.

Blockchain Australia ICO Working Group

What’s Happening?

The Australian Government’s the Treasury department has opened, on 31 January 2019, a consultation period for Initial Coin Offerings. In a consultation period the department usually provides a paper outlining the issues or proposed laws, they are seeking to resolve or put in place. The general public are then given the chance to respond to these questions or comment on the proposed laws, usually in terms of how the incoming laws or policies may impact their businesses.

With our hundreds of Blockchain Australia members we want all your voices to be heard. Let’s hear from you, of how you want to see Australia champion ICO policy for Australian businesses.

We are putting together an ICO Working Group in which we will seek responses from all our members collectively and put forward a response of the key issues, on our members behalf.

The Issues Paper sets out the context behind the key proposed consultation questions. If you or your business would like to participate and respond to the questions for comment, you can fill in our form here and we will take it from there. We would need you to fill in your response to us no later then 15 February 2019. This will allow us ample time to review all our responses from our members. Then we will collate and put forward a submission of the key industry issues from Blockchain Australia to the Treasury, before the close of submissions on 28 February 2019.

Consultation Questions

These following are the key questions the Treasury department have put open for discussion in the consultation Issues Paper.

When completing the form, you do not need to answer all questions. You may chose to answer only those of relevance or interest to you. When answering on behalf of your businesses, please provide the impact of the policy on your business and you may even provide examples to us as well. This is so we can have an understanding of what the challenges are for you.

Definitions and Token Categories

1.1. What is the clearest way to define ICOs and different categories of tokens?

Drivers of the ICO Market

2.1. What is the effect and importance of secondary trading in the ICO market?

2.2. What will be the key drivers of the ICO market going forward?

Opportunities and Risks

3.1. How can ICOs contribute to innovation that is socially and economically valuable?

3.2. What do ICOs offer that existing funding mechanisms do not?

3.3. Are there other opportunities for consumers, industry or the economy that ICOs offer?

3.4. How important are ICOs to Australia’s capability to being a global leader in FinTech?

3.5. Are there other risks associated with ICOs that policymakers and regulators should be aware of?

Regulatory Frameworks in Australia

4.1. Is there ICO activity that may be outside the current regulatory framework for financial products and services that should be brought inside?

4.2. Do current regulatory frameworks enable ICOs and the creation of a legitimate ICO market? If not, why and how could the regulatory framework be changed to support the ICO market?

4.3. What, if any, adjustments to the existing regulatory frameworks would better address the risks posed by ICOs?

4.4. What role could a code of conduct play in building confidence in the ICO industry? Should any such code of conduct be subject to regulator approval?

4.5. Are there other measures that could be taken to promote a well-functioning ICO market in Australia?

Tax Treatment of ICOs

5.1. Does the current tax treatment pose any impediments for issuers in undertaking capital raising activities through ICOs? If so, how?

5.2. Is the tax treatment of tokens appropriate for token holders?

5.3. Is there a need for changes to be made to the current tax treatment? If yes, what is the justification for these changes?

Next Steps

To submit your answers to the consultation questions, fill out our form here no later than the 15 February 2019 and we will handle the rest.

We may be in contact with you as a part of our ICO Working Group, if we have further follow up questions for you, that may help to bolster our Blockchain Australia submission.

Not a member, but you would like to be a part of our ICO Working Group? You can join us and hundreds of other members making a difference here.

If you need to reach out to us, you can contact us on our dedicated ICO Working Group email ico@bitcoin.asn.au or on our Official Blockchain Australia Telegram.

Blockchain Australia feature in AFR Pullout

The Australian Financial Review has published a well written and comprehensive outline on the potential and possibilities around blockchain and cryptocurrency adoption in Australia that features several quotes from Adam.

The pullout from Wednesdays print publication outlines the various roles blockchain technology can play in a prosperous future for Australian individuals and all levels of business and government in Australia.

The PDF can also be downloaded from the Lakeba Future Hub at Blockchain-AFR

CoinTelegraph Blockshow Asia Singapore

Blockshow Asia in Marina Bay Sands, Singapore with (L-R) Sheree Ip (Blockchain Australia), Dr Stephane Savanah (Chief Scientist, Obito.io), and Alex Medana (CEO, FinFabrik).

CoinTelegraph brought Blockshow Asia back to Singapore’s shores last week at Marina Bay Sands, with over 100 international speakers for the event. 

Board Member, Sheree Ip, was invited to host Cointelegraph BlockShow’s panel session “Where the Future Lies: Why Capital Markets Really Need Blockchain?”. On the panel was Dr Stephane Savanah, Chief Scientist at Obito.io, and Alex Medana, CEO of FinFabrik, Founding Board Member of FinTech Association of Hong Kong and Digital Economy Task Force of UN ESCAP Sustainable Business Network. 

The panel session covered many discussions on both the technical and business fronts of using blockchain technology in capital markets, how the technology is key to improving the verification and efficiency in transactions, and how it can be applied across numerous different asset classes. Watch the first day here https://youtu.be/uY10df3rAdY.

The week long event opened with the Blockshow Asia conference over the two days, packed full of evening networking events. The two day conference was followed by “The Future of Token Economy” from SUSS (Singapore University of Social Sciences) event. The week was completed with an open day from all hubs, accelerators, and companies who opened their doors to attendees for panel session discussions in Singapore.

CoinTelegraph Blockshow Americas

Blockchain Australia Board Member, Sheree Ip, with Founder of BTCChina and Board Member of BTC Foundation, Bobby Lee.

Blockshow announced its new international conference in Las Vegas, USA this year, focused on government initiatives, insights on central banks, and the evolution of law and regulations. 

Board Member, Sheree Ip, was invited to speak at CoinTelegraph’s Blockshow America on the panel discussion “Does Blockchain Technology Really Define The Future of Real Estate?”. 

Alongside Mark Mueller-Eberstein (Investor, best-selling author), Ricky Ng (Chairman and Founder of IHT), Piper Moretti, CIPS (CEO of The Crypto Realty Group), and Luca Burlando (COO of Crypto Real Estate AG) the panel discussed whether blockchain defines the future of real estate using token technology, tokenization in the space, buying real estate with crypto, investments, consumer protection and more. Watch the full panel here: https://youtu.be/TE-9643EIdE 

The conference saw an array of speakers from Joanna Maska, CEO of Global Situation Room and former White House Director of Press Advance for President Barack Obama, Mike Butcher, editor at large at TechCrunch, Bobby Lee, Cofounder of BTCChina, Michael Bisping, former UFC Champion, to Dr Nouriel Roubini, Co-founder & former chairman of Roubini Global Economic – whose panel session sparked quiet the heated debate on “The Great Controversy: Blockchain As Seen From Major Institutions Perspective”. Watch the full panel here:  https://www.youtube.com/watch?v=JF0tJ_WqDhI

Blockchain Mission to China

“China has the most active digital investment and start-up ecosystem in the world, and has emerged as the world’s largest investor in fintech. The Chinese blockchain ecosystem is rapidly growing with a reported 456 blockchain companies at the end of March this year. Data from the World Intellectual Property Organization reveals China was the largest blockchain patent filer in the world in 2017, with China contributing 225 international blockchain patent applications, followed by the USA with 91 filings and Australia with 13.

China’s State Council has endorsed blockchain technology as part of an Information Technology Reformation Strategy in China’s 13th Five-year Economic Development Plan (2016-2020) with President Xi Jinping calling the technology a “breakthrough application” in May 2018. In fact throughout 2018, Chinese local government authorities have demonstrated a pro-blockchain attitude, funding multi-billion dollar initiatives and blockchain-based networks.” – Austrade

Against this backdrop, the Australian Trade and Investment Commission, more commonly known as ‘Austrade’, in partnership with the Australian Digital Commerce Association (ADCA), convened a delegation including blockchain scale-ups, legal firms, and venture capitalists, to showcase their capabilities as the game-changers in the next frontier of trade between Australia & China.

At this stage, it’s worth noting the value that Austrade bring to the table as a facilitator of international trade. They:-

  • connect export-ready Australian businesses to overseas opportunities and work with them to achieve commercial outcomes
  • win productive foreign direct investment
  • promote Australian capability internationally
  • work with priority industry sectors to drive sustained long-term growth of Australian exports
  • reduce the time, cost and risk for our clients
  • provide authoritative commercial insights and information to help clients to make informed business decisions
  • inform and influence policy to support positive trade and investment outcomes
  • provide financial assistance for exporters through programs like the Export Market Development Grants scheme
  • support Australia’s regional exporters through the TradeStart network
  • contribute to economic diplomacy and protect the welfare of Australians abroad through timely, responsive consular and passport services in specific locations.

From the outset, it was clear from the immediate camaraderie among the delegates that, in addition to the access that would offered into the Chinese market, there would be considerable value in Australian companies supporting and networking with one another, and in so doing forming relationships that will accelerate their own projects and agendas.

Perhaps in the context of the Chinese having banned ICOs since Q3 2017, there was clear focus on how blockchain could be leveraged within the value chain of traditional businesses. This theme seemed to be underscored in the serendipitous timing of two press releases during the Mission. Firstly, one of the delegates, Craig Dunn of Standards Australia, was featured in the Australian Financial Review championing the need for Chinese tech giants such as Alibaba, Baidu, JD and Tencent to becomes key developers of Blockchain Standards in order to engender trust in the new systems. Then we had the Australian Prime Minister, Scott Morrison, supporting the narrative that distributed ledger technologies and blockchain are going to open up “massive opportunities” in the financial sector and beyond.

This was certainly in evidence during visits to some of China’s most prominent finance companies, including Ant Financial (a subsuidiary of Ali Baba), Ping An (a leading insurance and financial services company) and Dianrong (a Chinese fintech ‘unicorn’). The welcome the delegation received at each of these venues was warm and it was clearly apparent that blockchain technology has brought an additional dimension to Chinese-Australian trading relations. 

With new partnerships on the horizon that will offer access to the unparalleled Chinese market, the BlockBoxx team is extremely buoyant about the commercialisation opportunities we can offer our clients.

Block Talk – Perth, Western Australia

BLOCK TALK

Action packed interviews with the evolutionary entrepreneurs, businesses and those behind the blockchain technologies leading the way in Western Australia.

Top industry experts in this field gathering together to discuss how crypto and blockchain are transforming business. This is a chance to find out everything you need to know about the latest innovations in cryptocurrency and blockchain happening right in Perth, WA.

Panelists:

Anja Nova – Power Ledger

Mark Andrich – Sustainable Platform

Allan AKA ‘Big Al’ Connolly – GEN Australia

Aden Michielsen – Taurus Institute

Abheeti Pass – Crypto Clotheline Radio

Chinelle Westhuizen – University of Notre Dame.


Dirk BaurProfessor of Finance at the University of Western Australia (Perth).

Joshua Hunt – HopgoodGanim Lawyers

Johnny Swanepoel – Blockchain Fremantle, Blockchain Perth

Martin Purcell – Titan Digital

Nick Martin – Taurus Institute

https://www.eventbrite.com.au/e/block-talk-how-this-revolutionary-technology-is-transforming-business-tickets-47991832864

A Tale of Two Bitcoins – Video by Hayden Otto on the Uprising of Bitcoin Cash

We live in a fast-paced world where commerce is built on the backbone of reliable tap & go transactions. A superior alternative emerged with the birth of Bitcoin; trustless p2p electronic cash that’s independent of central banks, governments, or any other centralized middle-men. Bitcoin allowed people create secure, instant transactions that were virtually free. These characteristics made it a convenient payment method for merchants and users, as you only needed to broadcast your transaction to the network and you’re done.