National Australian Bank, the third largest bank in Australia, has been testing the AUDN stablecoin and is targeting carbon credits payments and overseas transfers.
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.
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'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.
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.
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.
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.
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.
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 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.
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.