Bitcoin Trades at a 20% Discount on Binance Australia Following Banking Issues in the Country
The exchange halted Australian dollar bank transfers early May. Source
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Australia
Bitcoin selling for $5K cheaper on Binance Australia as fiat ramp closes
Bitcoin (BTC) is trading hands at a hefty discount on the Australian branch of the Binance crypto exchange, with the price of Bitcoin down as much as 21% if traded against the Australian dollar. The move comes as traders rush to cash out their crypto holdings into Australian dollars before the
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Binance Australia partner hints at rising ‘scams’ after debanking exchange
The "third party payments provider" for Binance Australia, Cuscal hinted toward the impact of “scams and fraud" as it relates to "account fraud, ID takeover and crypto activity" after being questioned why it offboarded the firm on May 18.The payments provider did not specifically address Binance or crypto exchanges in
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Revolut Launches Business Offering in Australia, Seeking Banking License
Revolut believes that license would help to ensure higher consumer confidence. Crypto-friendly fintech company Revolut has introduced an international payment-targeted business account for customers in Australia, as it is allegedly operating to safeguard a banking license. The London-based company provides a wide range of fiat payment services for customers in Europe and
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Binance Australia Stops AUD Bank Transfers
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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Revolut launches business offering in Australia, seeks banking license
Crypto-friendly fintech firm Revolut has launched international payments-focused business accounts for clients in Australia, as it reportedly works to secure a banking license down under.The London-based firm offers a range of fiat payment services for clients in Europe and Australia. It also offers crypto services, including the buying and selling
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Australia marks first FX transaction using a CBDC as eAUD pilot continues
Australia has successfully made its first foreign exchange transaction using eAUD as part of a live pilot for the country’s potential central bank digital currency (CBDC). It comes amid a rising interest from countries around the world to learn about or launch central bank-issued digital currencies. In a statement, blockchain
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Australia installs more Bitcoin ATMs than whole of Asia
Australia, the country that hosts the third-largest network of Bitcoin (BTC) ATMs, surpassed the continent of Asia in terms of the total number of crypto ATMs installed.Since the beginning of 2023, Australia has been on a crypto ATM installation spree, climbing from fifth to third in January alone. Data from Coin
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Binance Australia Derivatives license canceled by securities regulator
The Australian Securities and Investments Commission (ASIC) has canceled the license of Binance Australia Derivatives after a targeted review of Binance’s operations in the country.“ASIC has today canceled the Australian financial services license held by Oztures Trading Pty Ltd trading as Binance Australia Derivatives,” the securities regulator stated in the
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ChatGPT and AI must pay for the news it consumes: News Corp Australia CEO
The creators of artificial intelligence (AI) fuelled applications should pay for the news and content being used to improve their products, according to the CEO of News Corp Australia.In an April 2 editorial in The Australian, Michael Miller called for “creators of original journalism and content” to avoid the past
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