Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024.
Australian ‘Big Four’ bank ANZ halts cash withdrawals from many branches
The move comes as Australians continue to reduce their usage of cash and bank branches, but has sparked fears that the death of cash is near.
Australia’s Treasury and Reserve Bank Held Consultations With Coinbase, Others: Report
Australia’s central bank and Treasury have held meetings with international crypto industry executives on the future of digital assets and regulation in the nation.
Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases
The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway.
Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances
This marks the second “Big 4” bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy.
Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits
Following Treasurer Josh Frydenberg’s “payments and crypto reform plan,” the RBA has published a report exploring DLT tech and wholesale CBDC issuance.
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.
Australia’s Central Bank Says Bitcoin ‘Not Really Money,’ No Risk to Financial Stability
The Reserve Bank’s assistant governor for financial systems, Michelle Bullock, said there is “a lot of fuss over bitcoin.”
Australian Central Bank, Commonwealth, National Australia Bank Partner on CBDC Research Project
The partnership will explore the possible use and implications of a wholesale form of central bank digital currency using distributed ledger technology.
Australian Central Bank Sees ‘No Strong Public Policy Case’ for CBDC
The Australian central bank does not see a strong case for issuing a retail central bank digital currency, its head of payments policy said.
80% of Australians Know About Crypto but Only 1% Use It: Central Bank Study
Fewert than 1 percent of surveyed Australians paid for consumer goods with cryptocurrency in 2019, according to a new study by the Reserve Bank of Australia.
2 APAC Nations Have Ruled Out Central Bank Digital Currencies
The central banks of both Australia and New Zealand have said they do not plan to create their own digital currencies – at least for now.