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At least six big Australian banks have taken such action now — a trend one industry executive says is stripping Aussies of their “financial rights” to participate in the digital economy. Go to Source
The RBA assistant governor in his speech noted that the pilot CBDC projects have highlighted several key areas where CBDCs could be of great use. Go to Source
Cointelegraph spoke to former senior executives in traditional finance who’ve made the move to crypto. Would they ever go back? Go to Source Powered by WPeMatico
An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds. Go to Source Powered by WPeMatico
The “big four” Australian bank is the second to issue a stablecoin and hopes to support transactions by corporate clients by the end of the year. Go to Source Powered by WPeMatico
The pilot project will last a year, and the details for potential participants will be published in the next few months. Go to Source Powered by WPeMatico
The Australian crypto ecosystem has flourished despite the pandemic, with a booming DeFi sector, a five year blockchain roadmap and the embrace of the technology by banks and the finance sector. Go to Source Powered by WPeMatico
Wednesday Lugano, Switzerland – trade.io, a leading cryptocurrency exchange and innovator of the industry’s leading liquidity pool, today announced that David Hannigan has joined the company as its Chief Dealer. David brings almost 30 years of trading and risk management experience, most notably his position as Senior VP at National Australia Bank, to his new … Read more
There are increasingly publicized challenges posed to the Australian cryptocurrency industry by the country’s ‘big four’ banks’ refusal to provide financial services to crypto companies. Many analysts are speculating that the issue will become the catalyst for the development of detailed regulations for the virtual currency era, arguing that the opaque nature of the current … Read more
