Australia Archives

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.

Tokenized money, CBDC could be the future of money: Australia’s central bank

Business

Steve Kaaru

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20 October, 2023

Tokenized money, CBDC could be the future of money: Australia’s central bank

The deputy governor of the Reserve Bank of Australia dismissed “speculative cryptocurrencies” and risky stablecoins but said tokenized deposits could...

Business

Steve Kaaru

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19 October, 2023

Mastercard pilot in Australia demonstrates how CBDC could wipe out stablecoins

Mastercard demonstrated how a digital Australian dollar can be “wrapped” and deployed on various public blockchains, competing with existing stablecoins.

Australia’s new regime proposal to bring digital asset platforms in line with financial laws

Business

Jon Southurst

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18 October, 2023

Australia’s new regime proposal to bring digital asset platforms in line with financial laws

The Australian Federal Government suggested a new type of financial product called a "digital asset facility" that would bring digital...

Australia’s central bank wants more power to monitor digital wallets

Business

Jon Southurst

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12 October, 2023

Australia’s central bank wants more power to monitor digital wallets

Australian Federal Government's Treasury Department is calling for feedback from stakeholders on the draft legislation until November 1, 2023.

India, Australia to collaborate on blockchain and AI regulatory approaches

Business

Wahid Pessarlay

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1 October, 2023

India, Australia to collaborate on blockchain and AI regulatory approaches

India and Australia unite to shape global blockchain and AI regulations, focusing on ethical frameworks and uniform standards for 6G...

Kraken sued in Australia over failure to explain product to customers

Business

James Field

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22 September, 2023

Kraken sued in Australia over failure to explain product to customers

Bit Trade, Kraken’s provider in Australia, faces a lawsuit after Australia’s securities regulator determined it failed to comply with the...

Reserve Bank of Australia: CBDC is still some years away

Business

Steve Kaaru

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24 August, 2023

Reserve Bank of Australia: CBDC is still some years away

The Reserve Bank of Australia kicked off a research project into the viability of a CBDC in 2022 and says...

Digital asset lender Helio hit with $10,000 bond in Australia over false licensing claims

Business

Steve Kaaru

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23 August, 2023

Digital asset lender Helio hit with $10,000 bond in Australia over false licensing claims

Helio falsely claimed to possess an Australian credit license in 2019 and has been sentenced to a one-year AUD 15,000...

Australia’s Bendigo Bank bans high-risk digital currency payments for 2.3M clients

Business

Steve Kaaru

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8 August, 2023

Australia’s Bendigo Bank bans high-risk digital currency payments for 2.3M clients

Bendigo Bank admitted that the ban would also affect genuine payments, but it’s a risk it must take following similar...

Business

Steve Kaaru

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8 August, 2023

Australian watchdog charges after eToro over high-risk CFDs offering

The ASIC says that eToro offered its highly-leveraged CFDs—which include digital assets—to retail investors without trading experience, with 77% of...

Business

Steve Kaaru

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21 July, 2023

Australia revokes FTX subsidiary’s license

Nine months after it imploded, ASIC revoked the FTX Australia license but will allow it to offer limited services for...

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