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Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink’s Cross-Chain Interoperability Protocol.ANZ’s banking services portfolio lead Nigel Dobson said the transaction was a “milestone” moment for the bank in a Sept. 14 statement:“ANZ
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Customers can still buy and sell crypto using credit and debit cards after the halt, which was announced last month. Original Source
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Meanwhile, The Australian Securities and Investments Commission (ASIC) is reviewing Binance Australia's derivatives business after the crypto exchange erroneously classified 500 users as "wholesale investors," leading to the closure of their derivative positions, which local regulations prohibit for retail traders. Source
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Cryptocurrency exchange Binance has suspended Australian dollar services as its local payment services provider has seemingly stopped support for the exchange.On May 18, Binance tweeted that AUD PayID deposits and bank transfer withdrawals were suspended "due to a decision made by our third-party payment service provider.""We understand from our third
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$30 million of the stablecoin has been minted so far. Original Source
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Big 4 bank ANZ has become the first Australian bank to mint an Australia dollar (AUD) pegged stablecoin named “A$DC.”But rival bank NAB also has its own stablecoin project which is expected to launch by the end of the year.ANZ is working with local regulators such as AUSTRAC and APRA
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Amidst the constant scrutiny met from global financial institutions as well as regulators, Binance has decided to reduce trade risks by adopting two measures.In addition to the delisting of the margin trading pairs, Binance has also decided to bring down the maximum leverage from 100x to 20x.Binance is the world’s
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Global cryptocurrency exchange Binance continues restricting support for some of its trading services amid an ongoing regulatory crackdown.Binance officially announced Monday that the exchange would delist margin trading pairs for three fiat currencies, including the Euro (EUR), the Australian dollar (AUD) and the British pound sterling (GBP).According to the announcement,
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Today, November 26, 2019, KuCoin, an IDG-backed crypto exchange, and fiat on-ramp service, Banxa, announced a strategic partnership to launch instant fiat to crypto conversions for all KuCoin users.The new partnership allows KuCoin’s customers to buy Bitcoin (BTC) and Ethereum (ETH) with Australia Dollar (AUD) and British Pound (GBP) directly,
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