How to avoid the Silk Road trading ban in Australia
Posted On July 13, 2021
The world’s biggest online Silk Road is about to go underground.
Australia is about the only country in the world that is not under the thumb of the Chinese government.
It’s not only that Silk Road traders are not welcome here.
It is also that the country has been given a blank cheque to allow its largest online trading platform, Silk Road 2.0, to operate.
The decision to allow Silk Road to operate is a big win for Australia and the Australian government.
In March, the country received the first approval from China to allow the online marketplace to operate in Australia.
However, Australia has a long history of being one of the most opaque places in the global trading industry.
It allows trading on a wide range of online platforms, from virtual currencies and black markets to gold, platinum and diamonds.
So it was only natural that Australia would want to keep the Silk Route going.
But the new decision could open the door for other trading platforms to follow suit.
Australian officials have long said that they want to stop the illegal online trade of everything from weapons and drugs to gold and silver, all in an effort to stop illicit activity that costs the Australian economy billions of dollars a year.
“Silk Road 2 is a key part of our overall strategy to protect Australia’s economy from the illegal trade of global drugs, weapons and other illicit products,” Australian Trade Minister Steven Ciobo said in a statement on Thursday.
“We are committed to preventing these illegal activities and will continue to work with partners around the world to tackle the scourge of global drug trafficking.”
However, some of the trading platforms in the country are already using the new approvals to launch.
One of the biggest companies that has set up shop on the Silk-Road 2.2 is the Hong Kong-based Silk Road Enterprise Group, a private firm that is based in the United States.
The group has set a new standard for legal trade on the digital marketplace Silk Road.
In fact, SilkRoad 2 was the first online marketplace that allowed customers to buy and sell anything from gold to real estate, according to the company’s CEO, Michael Bierut.
The company is based at a US company called First Data, which is a subsidiary of First Data Capital, a US private equity firm.
In a statement, First Data said it “welcomes” the approval by the Chinese authorities.
“The new approval will enable Silk Road and other online marketplace operators to fully participate in Australian law enforcement efforts to disrupt illegal online commerce,” it said.
“While the decision does not provide a blanket ban, it provides an opportunity to make the Silk Roads a more transparent marketplace that is compliant with Australian law.”
In Australia, Silkroad 2.1 and 2.3 were blocked in May.
However, they reopened in June and have since gone from being one the most popular online markets to being the second-most popular in Australia with a total of more than 1.2 million users, according the website Silk Road Market Report.
And the government is now allowing Silk Road 3 to operate as well.
The new Silk Road approval means that both platforms can operate, including the popular Silk Road marketplace.
But many of the other online markets in Australia that have been allowed to operate, like eBay and Amazon, are now blocked by the government.
The Silk Road 4 website that allows users to buy drugs and gold has been shut down.
And it seems unlikely that SilkRoad 5, a Silk Road competitor, will survive the ban either.