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Australia

Australian banks ordered to make daily updates on digital currency exposures: report
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25 March, 2023

Australian banks ordered to make daily updates on digital currency exposures: report

Following the collapse of digital currency-affiliated entities in the U.S., like Silicon Valley Bank, the Australian Prudential Regulation Authority is...
Australian commercial bank launches stablecoin for cross-border transactions
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18 March, 2023

Australian commercial bank launches stablecoin for cross-border transactions

The fully-banked stablecoin will enable transactions across seven leading fiat currencies, including the U.S. dollar, euro, and yen, in an...
Australia eyes 2024 rollout for digital currency legislation, documents reveal
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8 March, 2023

Australia eyes 2024 rollout for digital currency legislation, documents reveal

Internal documents from the Australian Treasury Department revealed 2024 as a potential timeline for new rules, but there are concerns...
Reserve Bank of Australia explores CBDC use cases as it plans ‘live pilot’
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5 March, 2023

Reserve Bank of Australia explores CBDC use cases as it plans ‘live pilot’

Australia and New Zealand (ANZ) bank and the Commonwealth Bank will handle nature-based asset trading of the CBDC pilot, while...
Global investigation uncovers digital currency crime syndicate targeting Australians
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28 February, 2023

Global investigation uncovers digital currency crime syndicate targeting Australians

A combined operation carried out by Serbian, Bulgarian, German, and Cypriot authorities unraveled the scheme's nature, which involved Israelis running...
Australia to revamp digital assets regulation to make them ‘safer for consumers’
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9 February, 2023

Australia to revamp digital assets regulation to make them ‘safer for consumers’

A public consultation has been put in place by the Treasury to involve key stakeholders in its quest to police...
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