Major Aussie bank takes next step to AUD stablecoin after Chainlink test transaction
ANZ’s banking executive Nigel Dobson says the bank sees “real value” in tokenizing real-world assets on-chain like the Aussie dollar. Go to Source
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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. Go to Source Powered by WPeMatico
Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss
The crypto contagion only hurt entities that poorly managed their treasuries, but didn’t affect the underlying blockchain technology, he said. Go to Source Powered by WPeMatico
ANZ’s stablecoin used to buy tokenized carbon credits
The latest A$DC transaction saw ANZ’s institutional partner Victor Smorgon use A$DC to purchase Australian Carbon Credit Units from blockchain-based carbon trading platform BetaCarbon. Go to Source Powered by WPeMatico
Aussie banks ANZ and NAB won’t ‘endorse’ retail speculation on crypto
Executives from two of Australia’s “big four” banks have said they won’t allow their retail customers to trade crypto with ANZ adding its happy it didn’t “go head long” into a cryptocurrency offering. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
Three of Australia’s “big four” banks bring bank guarantees on blockchain
Blockchain tech could purportedly reduce the timeline of bank guarantees processes by days. Go to Source Powered by WPeMatico
Aussie Banks Still Cold to Cryptocurrency Businesses Despite Regulation
Despite increasing regulation in the cryptocurrency sector, Australia’s major banks maintain cautious policies when it comes to cryptocurrencies. While cryptocurrency businesses appear to challenge Australian banks’ appetite for risk, many institutions permit cryptocurrencies to be purchased using credit cards. Also Read: Lithuania to Adopt Crypto Regulations Even Stricter Than the EU’s Credit Card Cryptocurrency Purchases … Read more
Australian Banks Fraudulently Collected Fees From Deceased Customers
A national inquiry into the misconduct of Australia’s banking sector has revealed profit-driven malpractice that has shattered customer trust. Some of the country’s largest banks were found guilty of making families homeless and charging fees for non-existent services, sometimes to dead customers. They also caused clients to lose hundreds of millions of dollars through misleading … Read more
