Australia: ‘Big 4’ bank NAB develops stablecoin
National Australian Bank, the third largest bank in Australia, has been testing the AUDN stablecoin and is targeting carbon credits payments and overseas transfers.
Latest Australia News
Australia court halts release of Pokémon NFTs amid row on use of characters
A federal court has ruled against KOTIOTA Studio's claim of being a Pokémon developer, as well as the release of the cartoon's NFTs to marketplaces globally.
Australia’s financial watchdog sues Finder Wallet over ‘unlicensed’ financial services
After ASIC's notification that Finder Wallet's Finder Earn violated the law, the firm terminated the offering and returned all funds to the users.
Australia digital asset regulations coming in 2023
Australia's Treasury plans to establish a framework for the regulation and licensing of digital asset firms, as the government decries the poor policies of the previous regime.
Reserve Bank of Australia weighs pros and cons of CBDCs amid massive interest from financial firms
RBA's Brad Jones said while CBDCs present an array of use cases that could promote financial stability, they also exhibit risks in the monetary system, such as impeding the ability of central banks.
Australian exchange Swyyftx axes 40% of workforce due to FTX fallout
Swyftx, which has over 600,000 users, laid off 90 staff members in a restructuring process the founders say is geared towards surviving the FTX fallout.
Australia: Scammers luring digital asset owners with fake paper wallets
The paper wallets show they have up to $10,000 in digital assets, but require the “lucky recipient” to first send a withdrawal fee before they can access it.
Australia’s financial watchdog sues Coinbase-backed Block Earner over unlicensed digital asset services
The regulator disclosed that Block Earner, a firm backed by Coinbase and Aave, also operates an unregistered managed investment scheme that violates Australia’s capital market laws.
Australian Securities Exchange scraps blockchain settlement over excessive complexity, loses $168M
A report by Accenture identified several problems with the process, including the need for clearer communication by tech partner Digital Asset and uncertain timelines.
The challenges of bringing the world on-chain at the ‘Blockchain in Business’ event
The Blockchain in Business event in Australia showcased the scalability and power of the BSV blockchain in transforming businesses and creating a positive impact on the economy and the environment.
How to spot a ‘crypto’ scam? Australia regulator lists 10 telltale signs
ASIC warns that the appearance of strange tokens in citizens' digital wallets, and the promise of guaranteed returns, are some of the tactics regularly employed by scammers.
Australia’s stance on BTC may have dire tax implications for investors: report
Digital currency investors in Australia will be mandated to pay capital gain tax from their asset sales after the government decided against viewing "crypto" as foreign currency.