Saturday, April 5, 2025
Home > Australian (Page 3)

Australian banks claim 40% of scams ‘touch’ crypto as it defends restrictions

Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto.During a panel at the Australian Blockchain Week on June 26, Sophie Gilder, managing director of blockchain and digital assets at Commonwealth Bank (CBA) shed light

Read More

Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Blockchain Australia Criticizes Move

"Our banking partner, Cuscal has updated its Merchant guidelines which contain new requirements for all digital currency exchanges that are supported by Cuscal," the "survey" reads. "If you do not currently comply with the new requirements, we are happy to consider a reasonable time frame for implementation. Please note, if

Read More

China allegedly offers bitcoin bounty to murder Australian CCP critic

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to an 60 Minutes Australia report, a so-called “bounty email” surfaced that purportedly offers $50,000 bounty in bitcoin (BTC) for the “termination” of Vanessa Pavlou, mother of outspoken Chinese Communist Party (CCP) critic and human

Read More

Major Australian bank to decline ‘certain’ payments to crypto exchanges

Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers. The move comes amid two major global exchanges facing a lawsuit from the United States securities regulator and is just a few weeks after

Read More

Australian stock exchange officially abandons blockchain plans: Report

Australia's stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with cryptocurrencies.The Australian Securities Exchange (ASX) caused frustration among market participants in November when it decided to "pause"

Read More

Australian exchanges dispel debanking fears amid Binance saga, but risks loom

Australian-based cryptocurrency exchanges have lined up to quash contagion fears after the payments provider for Binance Australia was told to offboard the exchange, though some have warned risks still loom.On May 18, Binance Australia told users that Australian dollar services were suspended after its payments partner Zepto was told by

Read More

Australian ‘Big 4’ bank begins trial for cryptocurrency payment blocks

Westpac, one of Australia’s ’Big Four’ banks, is launching its first trial of scam protection measures designed to combat fraudulent activities related to cryptocurrencies.The protection measures aim to mitigate losses from scams and reduce potential risks.According to the announcement, investment scams account for approximately 50% of all customer losses linked to

Read More

Australian crypto scams increased by over 162% with nearly $150M lost

Australians lost $148.3 million (AUD$221.3 million) from investment scams where cryptocurrency was used as the payment method in 2022 — a 162.4% increase from 2021.According to an April 17 scam activity report from the country’s consumer regulator, the Australian Competition and Consumer Commission (ACCC), 3,910 crypto scam incident reports were

Read More

ANZ bank completes Australian CBDC use case for carbon credit trading

Australia and New Zealand Banking Group (ANZ) has completed its use case in the pilot project run by the Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre using central bank digital currency (CBDC). ANZ partnered with Grollo Carbon Ventures (GCV) to trade carbon credits.ANZ tokenized Australian Carbon

Read More