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The Australian government will launch the biggest payments reform in 25 years, the Treasurer said in an interview. Dec 8, 2021 at 5:40 a.m. UTCUpdated Dec 8, 2021 at 5:40 a.m. UTCAustralian Treasurer Josh Frydenberg speaking ot 7News Australia on Dec. 8, 2021. (Screenshot: CoinDesk) Original Source
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Matt Comyn, the CEO of the Commonwealth Bank of Australia (CBA), said that the bank is more concerned about the risks of missing out on crypto than those associated with its adoption. The CBA is set to become the first of the “big four” banks in Australia to offer crypto-based
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Amid the global energy crisis, nine companies from four countries — China, Japan, Australia and Saudi Arabia — announced they will jointly build a blockchain documentation platform to speed up customs clearance and cargo delivery to trade the commodities of energy, chemical products and metal. Fast facts Platform participants includes Sinochem Energy, Mitsui.Co,
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Commonwealth Bank will be the first in Australia to offer crypto services to customers, the bank said in a Wednesday statement.The bank will offer a crypto exchange and a custody service in collaboration with Gemini and intelligence firm Chainalysis.Customers will have access to 10 digital assets, including bitcoin, ether, bitcoin
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Mawson Infrastructure Group has listed an Australian crypto mining exchange-traded fund (ETF) that includes Galaxy Digital and Hut 8 mining, among other companies.The provider of diversified digital infrastructure services said Monday the ETF, which will be the first product offered by its Cosmos Asset Management unit, will be named Cosmos
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A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of
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Australia is more bullish on cryptocurrencies than most other countries around the world, according to a survey published by comparison site Finder on Sunday.The survey, based on the site’s Cryptocurrency Adoption Index, measures the growth of crypto globally through a regular survey of over 41,600 individuals across 22 countries.Finder’s survey
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“While we are willing, ready, and organized for cryptocurrency regulation in Australia, until it is brought into effect, we aim to set the benchmark for best-practice in self-regulation by adhering to the spirit of the FCA obligations on home soil,” Tan added. Source
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Binance’s global platform this week announced it would be ending its derivatives offerings to Australian crypto traders by year’s end. Binance is a separate entity from Binance Australia, which, in turn, is operated by InvestbyBit. The latest moves can be viewed as an attempt to stimy the fallout from regulatory
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As the crypto industry continues to dominate, financial regulators fear criminals will turn to the industry for their illicit activities. This year 2021, has been hot for the crypto industry in terms of regulation. Many financial watchdogs in the USA and other countries pushed harder to regulate the sector. Some top
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