The Australian Stock Exchange abandoned blockchain earlier this year and wrote down $155 million for the much-criticized project—it has now picked India’s Tata Consultancy Services to overhaul its system.
Australia has updated its tax guidance to include any interaction with decentralized lending platforms, liquidity pools and providers, and wrapped tokens.
Microsoft's $3.2B investment in Australia aims to drive AI, cloud growth, expands data centers, and fosters skills development, advancing the country's tech landscape.
Australia's central bank digital currency pilot achieves offline payments, but mass adoption faces hurdles due to card reluctance in emergencies.
The deputy governor of the Reserve Bank of Australia dismissed “speculative cryptocurrencies” and risky stablecoins but said tokenized deposits could unlock $11 billion in annual savings.
Mastercard demonstrated how a digital Australian dollar can be “wrapped” and deployed on various public blockchains, competing with existing stablecoins.
The Australian Federal Government suggested a new type of financial product called a "digital asset facility" that would bring digital asset exchanges in line with existing AFSL laws.
Australian Federal Government's Treasury Department is calling for feedback from stakeholders on the draft legislation until November 1, 2023.
India and Australia unite to shape global blockchain and AI regulations, focusing on ethical frameworks and uniform standards for 6G and Big Data, fostering safe technology innovations.
Bit Trade, Kraken’s provider in Australia, faces a lawsuit after Australia’s securities regulator determined it failed to comply with the design and distribution obligations for one of its margin trading products.
The Reserve Bank of Australia kicked off a research project into the viability of a CBDC in 2022 and says bank-issued stablecoins and tokenized deposits could do a good job.