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Australia

Australia’s new central bank chief backs wholesale CBDC over retail
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18 December, 2023

Australia’s new central bank chief backs wholesale CBDC over retail

Reserve Bank of Australia Governor Michele Bullock favors wholesale CBDC for interbank settlements, citing success in recent case studies as...
Australia proposes scam code to curb fraud in banking, ‘crypto’
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5 December, 2023

Australia proposes scam code to curb fraud in banking, ‘crypto’

As part of the Scams Awareness Week this year, the Aussie Treasury proposed new codes for scams and assigned more...
After ditching its blockchain project, Australia’s ASX picks private software to overhaul system
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29 November, 2023

After ditching its blockchain project, Australia’s ASX picks private software to overhaul system

The Australian Stock Exchange abandoned blockchain earlier this year and wrote down $155 million for the much-criticized project—it has now...
Australia imposes capital gains tax on DeFi, wrapped tokens
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20 November, 2023

Australia imposes capital gains tax on DeFi, wrapped tokens

Australia has updated its tax guidance to include any interaction with decentralized lending platforms, liquidity pools and providers, and wrapped...
Microsoft makes $3.2B AI investment in Australia amid tighter controls in US
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29 October, 2023

Microsoft makes $3.2B AI investment in Australia amid tighter controls in US

Microsoft's $3.2B investment in Australia aims to drive AI, cloud growth, expands data centers, and fosters skills development, advancing the...
Australia pilots offline CBDC, but challenges hinder real-world deployment
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25 October, 2023

Australia pilots offline CBDC, but challenges hinder real-world deployment

Australia's central bank digital currency pilot achieves offline payments, but mass adoption faces hurdles due to card reluctance in emergencies.
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