Australia
Ripple Broadens Remittances Between Africa, Gulf States, UK and Australia
At its annual conference, Ripple also announced product enhancements and license updates, including a focus on payments between enterprises and smaller businesses.
Australia to Release Draft Legislation for Crypto Exchanges in 2024; Is Binance Too Big to Fail?
Host Angie Lau breaks down the latest developments in crypto legislation around the world as Australia proposes a move towards a clear regulatory framework for digital asset platforms. Plus, a deep dive into crypto exchange Binance's ongoing legal battle. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024
The timeline indicates it could take till 2025 for an Australian digital asset platform to receive a licence under the freshly proposed regime.
Australian Man Who Spent $6.7M Erroneous Crypto.com Refund Faces Theft Charges, Guardian Reports
Jatinder Singh and his partner bought four houses, cars, artwork and other luxurious items with money they received due to an accounting error by Crypto.com, according to the Guardian.
Australia Senate Committee Rejects Crypto Bill From Opposition Senator Andrew Bragg
Bragg said the Labor government had put regulating crypto in the slow lane.
Australia's CBDC Pilot Shows 'Path Forward' for a Tokenized Economy: Canvas CEO
Australia won't be introducing a CBDC for some years, according to a new report from the country's central bank. David Lavecky, CEO and co-founder of fintech firm CANVAS, which facilitated the first-ever foreign exchange transaction using an Australian Central Bank Digital Currency, shares insights into Australia's eAUD pilot. "It's really shown that there is a path forward tokenizing the economy and having a ecosystem of both CBDCs and privately-issued stablecoins," Lavecky said.
Australia Won't Introduce a CBDC for Some Years, Central Bank Says
Australia's central bank announced that the country will not likely make a decision on a central bank digital currency (CBDC) for some years due to several unresolved issues that surfaced at the end of the pilot project. "First Mover" hosts Jennifer Sanasie and Amitoj Singh weigh in.
Australia's CBDC Likely Some Years Away, Central Bank Says
The report said that in a way a "CBDC could be viewed as an enabling complement to, rather than substitute for, private sector innovation."
Binance to Shut Down 'Connect' Service; State of Crypto in Singapore and 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."
Caroline Bowler: Australia's Crypto Potential
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.
