Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate.
Australia Acts on De-Banking of Crypto Entities, Supports Policy Recommendations to Tackle Issue
Australia’s Treasury said on Wednesday it recognises the seriousness of de-banking and that it understands inaction could drive business underground after instances of banking partners cutting-off crypto platforms in the nation.
Don’t follow the US: Blockchain Aus CEO hammers ‘regulation by enforcement’
Blockchain Australia, the country’s peak crypto industry body has announced a new CEO who wants to speed up the crypto regulatory process.
Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Industry Body Criticizes Move
Payments provider Cuscal, through its partner Zepto, has brought new banking restrictions on cryptocurrency exchanges in Australia.
Australia’s Crypto Industry Body Denounces Recent Banking Restrictions
Blockchain Australia said it wants to tackle the issue “head-on by using real data,” after reports that banks in the country were blocking payments to crypto exchanges.
BTC Markets becomes first Australian crypto firm to get a financial services license
While the license isn’t currently needed for crypto companies in Australia, BTC Markets says it is preparing the exchange for upcoming regulations.
Reserve Bank warns Aussies over punting on ‘fad driven’ cryptocurrencies
The Reserve Bank of Australia has warned local investors that the speculative frenzy on crypto could soon dry up if policymakers and regulators step in.
ANZ bank executive: The ‘weight of money’ means crypto can’t be ignored
“When you look under the hood on that, we’ve concluded that this is a major protocol shift for financial market infrastructure,” said Nigel Dobson, ANZ’s Banking Services Portfolio Lead.
ACX’s parent company Blockchain Global collapses owing $15M
Investors are worried the may not be able to recoup their funds from ACX, now that parent company Blockchain Global has entered voluntary administration.
Commonwealth Bank to enable crypto trading for 6.5M Aussies, ‘other banks will follow’
The CBA stated that it will support 10 crypto assets in its banking app, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
Australia’s Blockchain Ecosystem Needs More Support From Regulators, Says Industry Body
Blockchain Australia CEO Steve Vallas believes the country is “well placed” when it comes to blockchain, but a bigger conversation is needed with financial regulators.
Australia’s Two Leading Blockchain Advocate Groups Announce Merger
Two groups seeking to promote blockchain tech in the Asia-Pacific have officially merged to open up greater opportunities in the region.