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Australia

National Australia Bank bans payments to ‘high risk’ digital asset exchanges to curb scams
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19 July, 2023

National Australia Bank bans payments to ‘high risk’ digital asset exchanges to curb scams

Binance may be among the targets of the new crackdown, with NAB saying that half of all scams in Australia...
Australia’s largest bank blocks payments to digital asset exchanges
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10 June, 2023

Australia’s largest bank blocks payments to digital asset exchanges

The Commonwealth Bank of Australia announced that it’s blocking ‘certain’ payments to some exchanges to curb scams but didn’t reveal...
Australia opens public consultation on banning ‘high-risk’ AI tools
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7 June, 2023

Australia opens public consultation on banning ‘high-risk’ AI tools

The public consultation will run until July 26, with academic and industry players as well as policymakers, establishing ideas on...
Australian stock exchange officially scraps plans for blockchain settlement
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24 May, 2023

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...
Revolut wants to become the primary financial app for Australians
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21 May, 2023

Revolut wants to become the primary financial app for Australians

Revolut Australia’s primary objective in offering international payments-focused business accounts is to become the primary financial app for Australian residents,...
Australia records first FX transaction with CBDCs as trial gathers steam
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20 May, 2023

Australia records first FX transaction with CBDCs as trial gathers steam

Blockchain infrastructure provider Canvas broke the news on May 17, noting that two digital asset fund managers, DigitalX and TAF...
Binance loses Aussie on-ramp as Westpac Bank bans transacting with exchange
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19 May, 2023

Binance loses Aussie on-ramp as Westpac Bank bans transacting with exchange

Binance Australia abruptly announced that it was "unable to facilitate PayID AUD deposits for Binance users" because of a decision...
Australians lost $150M to digital assets scams in 2022
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19 April, 2023

Australians lost $150M to digital assets scams in 2022

A recent report by the ACCC revealed that scammers swindled $2.1 billion in 2022—a new record—with investment scams accounting for...
Australia weighs banning ransomware payments amid hike in attacks
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14 April, 2023

Australia weighs banning ransomware payments amid hike in attacks

Australia is considering a proposal to ban ransomware payments which some experts claim would disincentivize the hackers in the wake...
ANZ, Grollo team up to complete CBDC use case scenario in carbon credit trading
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13 April, 2023

ANZ, Grollo team up to complete CBDC use case scenario in carbon credit trading

The latest development now allows the trading of tokens on publicly distributed ledgers in real-time, which was made possible by...
Binance under regulatory fire in Australia and Dubai, CZ resigns Irish directorships
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10 April, 2023

Binance under regulatory fire in Australia and Dubai, CZ resigns Irish directorships

Binance is feeling the regulatory walls closing in as authorities question the reputational damage of appearing to approve of the...
Australian senator pushes new bill for digital currency regulation
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3 April, 2023

Australian senator pushes new bill for digital currency regulation

If passed into law, the bill introduced by Sen. Andrew Bragg will require all virtual asset service providers to obtain...