Australian Bitcoin Industry Body

#Bitcoin • Vires In Numeris • We are a voice for Australia’s Bitcoin Industry.

Last Notes

2025-11-25 12:56:57 GMT

The Australian Bitcoin Industry Body have written to the Australian Department of Industry, Science, an Resources regarding the use of bitcoin mining as Strategic Infrastructure to Accelerate and Support Renewable & AI Growth in Australia, reduce the consumer cost of electricitry, and increase the competiveness of Australian Manufacturing.
If you want to be involved with what we do, reach out to us with how you'd like to contribute.

2025-11-18 10:09:09 GMT

Square Just Switched On Bitcoin Payments for US Merchants - Australia Should Pay Attention
Cash App and Square have now activated full Bitcoin payment rails across the US.
✅ Merchants can accept BTC instantly. Customers can pay in BTC or USD over Lightning.
✅ The free market is being allowed to choose the best rails — and it’s choosing Bitcoin.
This is what happens when regulation invites innovation instead of blocking it.
United States:
✅ Regulators created room for experimentation.
✅ Agencies treated Bitcoin as a monetary commodity, not a threat.
✅ Businesses were allowed to build — and the result is a nationwide Bitcoin payments rollout.
Australia:
❌The Reserve Bank and multiple regulators continue taking a dismissive, protectionist posture toward Bitcoin.
❌Innovation is filtered through “risk aversion first,” pushing new entrants out.
❌Regulators shield incumbents from competition instead of encouraging better systems.
❌The result: fewer options, slower progress, and consolidation around the same old rails.
Square’s launch shows what a different path looks like.
👀 When regulators stand back and set clear, neutral rules, businesses innovate.
👀 When regulators treat every new idea as a threat, innovation slows and consumers lose choice.
Australia has world-class talent; What it lacks is a regulatory environment confident enough to let that talent build.
❌ As a result, the talent and capital leaves Australian shores.
✅ Let the free market decide which payment rails win.
Bitcoin payments are taking off globally — not because they’re mandated, but because people want them.
Australia can either enable that future, or keep protecting the past.
⚡️We’re advocating for bitcoin.
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2025-11-09 00:50:24 GMT

ABIB will call a spade a spade.
Less than a year ago, at the ASIC Summit, Joe Longo laughed on stage, calling Bitcoin “something from nothing.”
Now, at the National Press Club, he says: “There’s plenty of blame to go around with what went wrong (First Guardian, Shield Master, etc), and one of the things is we need to slow people down a bit.”
Australians are tired of being treated as if they are lemmings; held back and penalised by slow-moving, arrogant, and misinformed regulators.
ASIC’s talk of “innovation” is nothing more than a misguided grasp for relevance.
By repeatedly conflating Bitcoin with speculative crypto tokens, ASIC has fuelled public confusion and must be held accountable when Australians are burned as a result.
It has been eager to regulate Bitcoin as though it were a financial product, yet has never engaged with Australia’s Bitcoin industry.
Ever.
ASIC has been silent.
The rest of the world is accelerating, Australia can’t even be seen in the rear-view, and ASIC wants to press harder on the brakes.
It cannot manage its current remit but insists Australians must “go slow” for their own protection, after two decades of failing to understand what Bitcoin is, and isn’t.
This regulate-first, ask-questions-later mindset will strangle domestic business, drive capital and talent offshore, eliminate competition in the markt, and reinstall the same intermediaries in a digital wrapper, all out of wilful ignorance and bureaucratic convenience.
If ASIC wants competition and opportunity, it must first learn the difference between permissionless open protocols and Pokémon cards.
Until then, ASIC should hit their brakes, pull over, and ask a few locals for directions.
They’re lost.
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2025-10-26 01:18:11 GMT

In February, the RBA Governor was asked by Senator Jerome Laxale to clarify what she meant by “I don’t understand it”, when she and ASIC Chair Joe Longo were laughing about bitcoin at last year’s ASIC forum.
https://cdn.satlantis.io/62e97b6d-daf3-4445-803c-1fbf6265d5fd-3F718C9B-6A8B-436A-BCEC-703800E919C6.mov

2025-10-25 14:07:39 GMT

The Australian Bitcoin Industry Body (ABIB) has formally submitted its response to the Treasury Laws Amendment (Digital Asset and Tokenised Custody Platforms) Bill 2025.
Our submission warns that the proposed framework fails proportionality by applying uniform obligations to all digital asset platforms, regardless of custody model or risk profile.
We’ve highlighted that this legislation would increase costs, consolidate the market towards multi-asset exchanges, heighten systemic risk, and undermines competitiveness within the market.
ABIB’s recommendations focused on:
• Function-based regulation grounded in custody risk
• Upholding Australians’ right to self-custody
• Proportionate licensing thresholds
ABIB continues to advocate for a clear, fair, and future-fit framework that protects consumers while allowing Australian Bitcoin businesses to thrive.
If you'd like to contribute to our future work, you're welcome to join us!
Vires in Numeris!
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