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."

Aug 18, 2023

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.

Aug 16, 2023

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.

Jul 5, 2023

Australia made its first foreign exchange transaction using eAUD, the CBDC piloted in the country. The transaction was done using Canvas, an Ethereum Layer 2 that uses Zero Knowledge roll-up technology. Canvas CEO David Lavecky discusses the company's role in the country's approach to testing the use of central bank digital currencies.

May 25, 2023

Australia made its first Foreign Exchange Transaction using eAUD, the CBDC being piloted in the country. The transaction was done using Canvas, an Ethereum Layer 2 that uses Zero Knowledge roll-up technology. Canvas CEO David Lavecky discusses the project, noting "what's happening here is a pilot to investigate the benefits that come with it." Plus, Lavecky shares his outlook on broader retail adoption of this technology.

May 25, 2023

We may all want to be crypto millionaires, but what if you accidentally become one? The story of an Australian couple who was mistakenly refunded millions by Crypto.com and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

Oct 19, 2022

Twenty-five prominent institutions in Australia have come together to start a research program to explore digital asset opportunities. Michael Bacina, partner at law firm Piper Alderman, explains why the country is the prime location to test asset digitization.

Sep 1, 2022

The Digital Finance Cooperative Research Center is a $124.3 million program funded by industry partners, universities and the Australian Government – which is beginning a review of how cryptocurrency assets are managed. Piper Alderman Partner Michael Bacina discusses what this means for future adoption and regulation in Australia.

Sep 1, 2022

Exchange Crypto.com accidentally transferred an Australian woman $10 million instead of the $100 refund she requested last year, according to the Daily Mail. “The Hash” panel discusses the subsequent lawsuit and it means for future regulation.

Aug 30, 2022

Tornado Cash sanction brews up a storm. Uniswap blocks over 250 wallet addresses from frontend in sanction compliance. Could Australia’s "token mapping" plan be the way forward for crypto regulation? Celsius "withhold" account depositors lawyer up to seek claims. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Aug 23, 2022