As central banks worldwide intensify efforts to explore the benefits and issue a central bank digital coin (CBDC) in respective countries, the Reserve Bank of Australia (RBA) has declared that the nation is not yet prepared to issue its own CBDC. According to the RBA, Australia is "years away" from ...
Faryar Shirzad, Coinbase's Chief Policy Officer, has made a compelling case for Australia to expedite the implementation of detailed cryptocurrency regulations in order to keep pace with the rapidly evolving global market. Appreciated the chance to participate in this inquiry on behalf of @coinbase. @ajamesbragg and his Senate colleagues, along ...
Simon Callaghan, the newly appointed CEO of Blockchain Australia, has called for collaboration between Australia's banks, government, and the cryptocurrency sector to combat the rising threat of cryptocurrency fraud. Speaking on June 30, 2023, during the closing day of Australian Blockchain Week in Melbourne, Callaghan announced that the organization's top ...
A recent study conducted by financial research firm, Investment Trends, on behalf of the Australian Securities Exchange (ASX) has revealed a surprising trend among young Australian investors. According to the study, approximately one-third of these young investors currently possess or have engaged in trading cryptocurrencies despite considering themselves more "risk ...
Commonwealth Bank (CBA), a leading Australian bank, has implemented proactive measures to mitigate potential fraud risks associated with cryptocurrency transactions. In an announcement on June 8, 2023, the bank revealed that it will now refuse or subject certain payments to a 24-hour hold when dealing with cryptocurrency exchanges. This decision ...
Bitcoin prices have dropped by 20% when traded against the Australian dollar on Binance Australia. The platform users are reportedly converting their cryptocurrency holdings into Australian dollars because of fears that the withdrawal window for nearby banks may close in a few days, preventing users from accessing their funds. Binance ...
Australian cryptocurrency exchanges are addressing concerns following the temporary suspension of Australian dollar services by Binance Australia's payments provider, Zepto, on May 18, 2023. While experts believe the issue is specific to Binance and not widespread, they caution that risks still exist in the industry. BTC Markets CEO Caroline Bowler ...
Westpac, one of Australia's leading banks, has initiated the first phase of its trial of scam prevention tools to combat cryptocurrency-related fraud. The bank aims to introduce a set of tools and safety measures that wil help reduce risks and minimize losses associated with crypto and investment scams. According to ...
The Australian Securities and Investments Commission (ASIC) has terminated the license of Oztures Trading Pty Ltd, which trades as Binance Australia Derivatives, following a focused investigation into Binance's activities in the country. A statement released by ASIC has revealed that as of April 14, 2023, customers of Binance Australia Derivatives ...
OKX, a crypto exchange and Web3 company based in Seychelles, has announced its plans to expand its range of crypto services to Australia. In a statement released on March 29, 2023, OKX revealed that it considers Australia a critical growth market and aims to establish a robust local office to ...
