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Australia
Australia Won't Introduce a CBDC for Some Years, Central Bank Says
Australia's central bank announced that the country will not likely make a decision on a central bank digital currency (CBDC) for some years due to several unresolved issues that surfaced at the end of the pilot project. "First Mover" hosts Jennifer Sanasie and Amitoj Singh weigh in.
Australia's CBDC Likely Some Years Away, Central Bank Says
The report said that in a way a "CBDC could be viewed as an enabling complement to, rather than substitute for, private sector innovation."
Binance to Shut Down 'Connect' Service; State of Crypto in Singapore and Australia
Host Angie Lau takes a deep dive into the state of Binance as the crypto exchange shut down its buy-and-sell service Binance Connect just one year after its launch. Plus, insights on crypto developments from Singapore to Australia. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
Caroline Bowler: Australia's Crypto Potential
Some of the largest traditional financial institutions in Australia have been limiting and blocking funds transfers to cryptocurrency exchanges citing rising scams and fraudulent activities. But Caroline Bowler, former bank employee and incumbent chief executive officer of BTC Markets, one of the oldest exchanges in the nation, said that she believes the nation can still be a crypto hub in the region due to the well-established and regulated local traditional financial infrastructure that crypto can easily be molded into. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Bowler highlights the importance of all stakeholders including legislators, institutions, and the crypto industry in coming together to propel Australia into the blockchain economy.
eToro Sued by Australia's Market Regulator for Leveraged Product
ASIC alleges that eToro's target market was far too broad and its screening test was very difficult to fail.
Binance Australia’s Offices Searched by Financial Regulator: Bloomberg
Crypto exchange Binance’s office in Australia was searched on Tuesday by the country's financial regulator, the Australian Securities & Investments Commission (ASIC), according to a Bloomberg report. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De weighs in on the regulatory scrutiny faced by the company in multiple jurisdictions.
Binance Australia’s Offices Searched by Financial Regulator: Bloomberg
The company, also under investigation in the U.S. and France, ceased its Australian derivatives business following regulatory warnings
Australia Acts on De-Banking of Crypto Entities, Supports Policy Recommendations to Tackle Issue
The government's choice to make its position clearer on de-banking comes hours after Blockchain Australia, the nation's industry body made a fresh commitment to minimize scams.
Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Industry Body Criticizes Move
"Australians ... expect to be able to spend their money and use their assets as they choose, without undue restrictions," a Blockchain Australia official said.
Australian Data Center Startup Arkon Expands to U.S. With $26M in Fresh Funding
CEO Joshua Payne said he expects the acquisition of a data center in Hannibal, Ohio to be "the first of several" over the next year.
