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Australian Reserve Bank Official Advises Caution in Anticipation of Libra

Governor of the Reserve Bank of Australia (RBA), Philip Lowe, cautions that Facebook’s announced virtual currency—Libra—may not attain mainstream usage in the near future, according to a report by Bloomberg on June 20The report quotes Lowe as follows regarding Libra:“There’s a lot of water under the bridge before Facebook’s

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Australian Securities Exchange Debuts Infrastructure Replacement as Blockchain Switch Begins

The Australian Securities Exchange (ASX) has released the first code for its replacement app development tool based on blockchain, the company confirmed in a press release on May 7.The new platform, dubbed the Customer Development Environment (CDE), builds on the exchange’s previous offering, Chess, which will now be retired.The

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Australian Tax Agency Goes After Cryptocurrency Traders in Exchange Data Push

Australia’s tax agency, the Australian Tax Office (ATO), will seek to contact cryptocurrency traders personally about tax issues as part of a new data collection scheme, officials confirmed in a statement on April 30.The ATO, which is working in conjunction with the Australian Securities and Investment Commission (ASIC) and

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Australian Banking Giant ANZ Fails to Understand Blockchain Technology

Australian Banking Giant ANZ Fails to Understand Blockchain Technology March 26, 2019 by Akshay Makadiya Australia and New Zealand Banking Group Limited (ANZ) — Australia’s third-largest bank by market cap — doubts blockchain technology’s ability to provide trustless transactions, at least for now. Additionally, the firm acknowledges the benefits of the

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Australian Government Pledges Measly $100K Towards Blockchain Development

Australia’s Karen Andrews of the Ministry for Industry, Science and Technology is pledging $100,000 towards furthering blockchain development. In a press release, Andrews says her department will put the money towards “regulation, skills and capacity building, and international competitiveness and collaboration.”It’s a solid step forward in the nation’s fight to

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Huobi Global Absorbs Australian Unit Amid Bear Market, Reveals Recent Layoffs

Eight months after its launch, Huobi’s Australian subsidiary is to be subsumed under the Huobi Global canopy, according to an official tweet published on Feb. 24. In a Facebook post published today, Feb. 25, Huobi Australia cited the crypto market slump and fresh redundancies as the reason for the development.As

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Australian Financial Regulator Trials Blockchain to Automate Funds Transfer Instructions

The Australian Transaction Reports and Analysis Centre (Austrac) is trialing a blockchain prototype for the automation of funds transfer instructions, business tech news site ZDNet reported on Feb. 24.Austrac — a government financial intelligence agency — is reportedly partnering with the Swinburne University of Technology in Melbourne to trial the

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Blockchain Firm HashCash Partners With ‘Prominent’ Australian Gaming Company

Blockchain company HashCash Consultants has announced a partnership with an undisclosed Australian video games developer to roll out its white label crypto exchange and tokenization services for the gaming industry. The development was announced in a HashCash press release Feb. 4.HashCash is a blockchain firm focused on providing “white label”

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