Cryptocurrency regulation in Australia and Oceania

Which countries in the region allow cryptocurrency: Australia, New Zealand

The state integrates digital assets into the regulatory framework, actions with them are taxed, liability for violation of laws has been established. All 50 cryptomats in this part of the world are located in Australia. Read more about cryptocurrency regulation in Australia here .

In New Zealand, cryptocurrency is recognized as a financial instrument and is allowed to trade on the exchange, but its circulation is not regulated, and the legislative framework is vague. We will tell you more about this in the next publications.

In which countries of Oceania is cryptocurrency prohibited?

Legislation in Vanuatu prohibits ICOs. At the same time, however, from January 2022, VFSC License D holders are allowed to operate with cryptocurrencies in the secondary market and consulting. The Satoshi crypto-rai island is part of the Vanuatu Archipelago. 

Where in Oceania the legal status of cryptocurrencies is yet to be determined

Papua New Guinea, Solomon Islands, Fiji, Kiribati, Marshall Islands, Nauru, Palau, Samoa, Tonga, Tuvalu, Federated States of Micronesia.

At the same time, at the last meeting of the leaders of the Pacific Islands PALM9 in July last year, Vanuatu, the Solomon Islands, Fiji and Tonga announced that they were considering the idea of ​​creating their own national cryptocurrencies, and the Japanese company SORAMITSU became a partner in the project.

PS: The regulation of cryptocurrency in the dependent territories of Guam (USA), New Caledonia (France), Western New Guinea (Indonesia) is carried out in accordance with the laws of the metropolitan countries. 

CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources . Cryptocurrency is a high-risk asset, investing in it can lead to losses. Readers should do their own research before taking any action.

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