Legal warning in Australia for Bitcoin holders, potential legislation against expressing lack of confidence in banks
From Investing.com
September 13th, 2024 1:30:19 pm:
Recently, Jamie Coutts, chief crypto analyst at Real Vision, warned Bitcoin holders in Australia about potential legislation that could make holding Bitcoin illegal. This legislation is being referred to as “Orwellian” and could classify certain actions as defamation, including expressing lack of confidence in the banking system.
As part of the new legislation in Australia, “serious harm” can be caused by spreading “misinformation” about the banking system. This could have negative impacts on the Australian economy, as it is viewed as harmful to public confidence in the banking system.
Bitcoin miners have been on a selling spree, with mining wallets and miner supply declining since the first half of 2024. Santiment’s analysts suggest that a rebound in Bitcoin and Ethereum mining supplies could signal the approach of the next bull run.
The price of Bitcoin has seen an 8% increase in the past week, rising from $53,490 to $57,790. In just 72 hours this week, Bitcoin miners sold 30,000 BTC, equivalent to roughly $1.7 billion.
(Source: U.Today)
Read more at Investing.com: Crucial Bitcoin vs. Banks Warning for Australia From Chief Crypto Analyst By U.Today