6 / 7 Relevant items tagged with #Australia

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Crypto exchange TrigonX latest to emerge from the FTX rubble

[May 29, 2023 10:12 PM] TrigonX is back from the dead after it went into receivership in December, due in part to its $13 million exposure to bankrupt crypto exchange FTX.

Australian stock exchange officially abandons blockchain plans: Report

[May 19, 2023 1:38 AM] ASX abandons blockchain rebuild to explore conventional options to achieve the desired business outcomes as it sends RFP to potential software vendors.

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

[May 18, 2023 2:49 AM] One of Australia’s Big Four banks announced efforts to combat crypto fraud activities aimed at reducing losses from scams.

Binance Australia Halts Australian Dollar Bank Transfers

[May 18, 2023 12:25 AM] Exchange blames third-party payment providers, and says that credit as well as debit cards can still be used.

Binance Australia suspends AUD fiat services, citing issues with third party

[May 17, 2023 8:24 PM] Australian dollar deposits and withdrawals have been impacted due to a decision made by its third-party provider, it said in an announcement.

Australia marks first FX transaction using a CBDC as eAUD pilot continues

[May 17, 2023 8:00 PM] The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.

Tencent-backed Everledger collapses amid lack of funding: Report

[May 8, 2023 6:20 AM] Everledger was quietly placed into insolvency after it didn’t manage to materialize its planned funding round from an undisclosed investor.

Coinbase remains '100% committed' to US market: Armstrong

[May 4, 2023 11:26 PM] The Coinbase CEO has a lot of faith in Congress in making a “clear rule book” for crypto firms to follow. But the SEC? Not so much.

Australia installs more Bitcoin ATMs than whole of Asia

[Apr 19, 2023 2:45 AM] Asia, which includes major economies such as China, Japan, Singapore and India, hosts 355 crypto machines, representing 1% of the total crypto ATMs installed worldwide.

BNB Remains Under Pressure As Regulators Crack Down On Binance

[Apr 6, 2023 9:00 AM] BNB, the native currency of the Binance ecosystem, remains under pressure as regulators continue questioning the exchange’s operations and compliance with local laws. BNB Falls 10% From March 2023 High After rising nearly 60% from December to…

Binance Australia Derivatives license canceled by securities regulator

[Apr 6, 2023 2:34 AM] In February, Binance Australia Derivatives abruptly closed certain derivatives positions and accounts, citing investor classification compliance.

Binance Australia's Derivatives License Cancelled by Regulator

[Apr 6, 2023 2:01 AM] The Australian Securities and Investments Commission (ASIC) has cancelled Binance Australia's derivatives license, according to a press release.

ANZ Bank Completes Carbon Credits Trading as Part of Australia's CBDC Pilot

[Apr 5, 2023 11:59 PM] Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia's central bank digital currency (CBDC) pilot.

Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March

[Apr 2, 2023 1:30 AM] According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three…

Hong Kong fund plans to raise $100 million for crypto investment

[Mar 30, 2023 1:46 AM] The new Hong Kong-based equity fund will focus on the regional market and embrace Web3 startups.

Australian senator introduces private bill to expedite crypto regulation

[Mar 29, 2023 3:53 AM] Senator Andrew Bragg has introduced a bill proposing regulatory standards for the cryptocurrency industry in Australia.

Australian Regulator Tells Banks to Report Exposure to Startups and Crypto-Related Business: Report

[Mar 22, 2023 12:00 AM] The move comes in the wake of Silicon Valley Bank's collapse and global lender volatility, the Australian Financial Review reported.

SVB contagion: Australia reportedly asks banks to report on crypto

[Mar 21, 2023 4:48 AM] Australia’s prudential regulator has reportedly told banks to improve reporting on crypto assets and provide daily updates.

Mastercard to settle transactions for stablecoin wallet in APAC

[Mar 20, 2023 5:00 PM] Mastercard has entered a collaboration that would allow retail customers in the APAC region to spend their stablecoins anywhere Mastercard is accepted.

Australian Banking Association’s cost of living inquiry reveals bank pressure

[Mar 20, 2023 1:47 AM] An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds.

Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal

[Mar 7, 2023 4:30 PM] Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping…

Australian central bank to launch ‘live pilot’ of CBDC in coming months

[Mar 1, 2023 4:35 PM] The use cases for the CBDC ranged from offline payments to “trusted Web3 commerce” and financial industry participants were invited to undertake a live pilot.

Aussie regulators review Binance Australia Derivatives over account closures

[Feb 24, 2023 2:52 AM] A day after Binance Australia Derivatives sent notifications of account closures to users it wrongly classified, regulators in Australia said they’re looking into the company.

Binance Australia Derivatives reportedly closes accounts and positions for some users

[Feb 23, 2023 7:09 AM] Binance Australia Derivatives incorrectly classified end users as wholesale investors, according to an investigation into its onboarding services.

Australia and the UK share their big picture of crypto: Law Decoded, Jan. 31–Feb. 6

[Feb 6, 2023 2:10 PM] While the British Treasury emphasizes the liberal approach, Australia goes with the profound taxonomy of all the crypto assets.

Australia Gives Its Crypto Watchdogs More Teeth To Fight Scammers

[Feb 4, 2023 5:58 AM] In 2022, the crypto space faced a high rate of scams and fraudulent activities, especially in the DeFi sector. Scammers use phishing, fake ICOs (Initial Coin Offerings), Ponzi schemes, and impersonation techniques to trick people into giving up…

Australian Government Releases First Steps To Regulate Crypto And Bitcoin

[Feb 3, 2023 12:21 PM] The first steps of a multi-stage plan to regulate the cryptocurrency industry within Australia have been released.The Australian government has announced the first step of what it calls a multi-stage approach to tackling cryptocurrency…

Australia introduces classification for crypto assets

[Feb 3, 2023 6:11 AM] The national regulators identified four major products in the crypto sector.

Aussie regulator flagged concerns about FTX months before collapse: Report

[Jan 29, 2023 9:57 PM] Australia’s financial regulator raised concerns about FTX Australia not long after it began operations in March 2022, according to documents.

Australia ranks 3rd in crypto ATM installations after US and Canada

[Jan 25, 2023 3:30 AM] Australia now enjoys 234 crypto ATMs, which puts her in the third spot globally after the United States and Canada.