Australian stock exchange officially scraps plans for blockchain settlement
ASX has been delaying and postponing its blockchain plans for months and in its recent meeting, it officially discarded the plans at a cost of $170 million.
ASX has been delaying and postponing its blockchain plans for months and in its recent meeting, it officially discarded the plans at a cost of $170 million.
Revolut Australia’s primary objective in offering international payments-focused business accounts is to become the primary financial app for Australian residents, according to CEO Matt Baxby.
Blockchain infrastructure provider Canvas broke the news on May 17, noting that two digital asset fund managers, DigitalX and TAF Capital, broke down the transaction.
Binance Australia abruptly announced that it was "unable to facilitate PayID AUD deposits for Binance users" because of a decision made by their third-party payment service provider.
A recent report by the ACCC revealed that scammers swindled $2.1 billion in 2022—a new record—with investment scams accounting for half the losses.
Australia is considering a proposal to ban ransomware payments which some experts claim would disincentivize the hackers in the wake of the Latitude Financial hack.
The latest development now allows the trading of tokens on publicly distributed ledgers in real-time, which was made possible by utilizing smart contracts.
Binance is feeling the regulatory walls closing in as authorities question the reputational damage of appearing to approve of the controversial digital asset exchange.
If passed into law, the bill introduced by Sen. Andrew Bragg will require all virtual asset service providers to obtain a license from the ASIC.
OKX has applied for a license in Hong Kong as it announced a new office in the city; it also plans to open a new office in Australia, although it is yet to secure a license.
Following the collapse of digital currency-affiliated entities in the U.S., like Silicon Valley Bank, the Australian Prudential Regulation Authority is seeking daily updates from local banks to prevent risks to the country’s financial system.
The fully-banked stablecoin will enable transactions across seven leading fiat currencies, including the U.S. dollar, euro, and yen, in an effort to elevate the country's cross-border transactions.