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Pendal Group, an Australian Securities Exchange-listed investment manager with over A$100 billion (US$73.6 billion) in assets under management, is getting into bitcoin. As reported by the Australian Financial Review on Monday, Vimal Gor, Pendal’s head of bond, income and defensive strategies, said with the cryptocurrency “entering the realm of mainstream,”
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An Australian senator has come out as a big fan of blockchain, saying the technology could help facilitate government processes, tighten up financial regulation and more.As reported by ZDNet on Wednesday, Andrew Bragg, senator for New South Wales, boldly said that “the future is technology by blockchain,” at the Future
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The Australian central bank announced Monday it’s partnering with Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys Software to explore the possible use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology (DLT). Source
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The Australian central bank sees no need to issue its own retail digital currency just yet, a top official said Wednesday.Tony Richards, head of payments policy at the Reserve Bank of Australia (RBA), told the UWA Blockchain, Cryptocurrency and Fintech conference that his agency had evaluated retail central bank digital
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NPPA, a major Australian financial services firm, is suing Ripple Labs over allegations of trademark infringement. Source
Read MoreThe Australian government-backed agricultural supply chain platform Entrust has announced it will operate on Hedera Hashgraph — a distributed ledger platform claiming a transactional throughput of 10,000 transactions per second.South Australia’s premier, Steven Marshall, officially launched Entrust on September 20, describing the platform’s initial focus as protecting the wine and
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Following the destruction of the Australian indigenous site against the landowners wishes, Rio Tinto investors seek candidates to replace CEO Jacques.Rio Tinto (NYSE: RIO) CEO Jean-Sebastien Jacques has resigned following investors’ revolt over the destruction of a 46,000-year-old indigenous site in Australia. The company said that Jacques will depart at
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The Australian man was banned from working in financial services by the Australian Securities and Investment Commission. Source
Read MoreThe Australian Securities and Investments Commission (ASIC) has banned John Louis Anthony Bigatton, the former ‘Australian National Representative’ of the multi-billion-dollar crypto Ponzi scheme BitConnect, from providing financial services for seven years.ASIC asserts that the New South Wales resident provided unlicensed financial product advice and engaged in misleading and deceptive
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