Australia Financial News

22.03 / 15:23

COST Provident Action UBS businesses Banks should report exposure to crypto-related businesses: Australia

The Australian Prudential Regulation Authority (APRA) has reportedly asked local banks to report on cryptocurrency transactions. This ruling occurred in the aftermath of Silicon Valley Bank’s (SVB) collapse.

21.03 / 14:09

regulation transactions Banks Bitcoin SVB contagion: Australia reportedly asks banks to report on crypto

Australia’s prudential regulator has reportedly asked local banks to report on cryptocurrency transactions amid the ongoing contagion of Silicon Valley Bank’s (SVB) collapse.

21.03 / 13:29

Provident Digital MasterCard Australian Australian startup Stables to issue USDC to fiat Mastercard

Sydney-based Stables was founded in 2021 by Erez Rachamim, Bernardo Bilotta and Daniel Li who previously worked at Equitise, Zip and Readiitel. The company currently employs 15 staff.On the tie-up with Mastercard, Rachamim says: “Customers spend as they usually would using stablecoins, with transactions then settled by Stables’ payment gateway enabling real-time transactions using USDC.

21.03 / 08:51

business regulation Altcoin crimes Court Media bail Customer Crypto.com customer accused of $10M spending spree granted bail

The Crypto.com customer who was accidentally sent $10.4 million from the exchange in 2021 and then allegedly went on a spending spree has been granted bail despite $3.1 million funds still unaccounted for.

21.03 / 02:35

business Stablecoin Adoption MasterCard Usd Coin Mastercard to settle transactions for stablecoin wallet in APAC

Global payment provider Mastercard is launching a stablecoin digital wallet integration with the Australian stablecoin platform Stables.

20.03 / 11:01

business Payments regulation Banks Loans Australian Australian Banking Association’s cost of living inquiry reveals bank pressure

The trade association for the Australian banking industry — Australian Banking Association (ABA) — launched a cost of living inquiry to closely study the impact of the COVID-19 pandemic, global supply chain constraints and geopolitical tensions, among others, on Australians.

17.03 / 08:55

Provident Target Digital Aware SVB Fitch says banks in Asia are resilient to risks seen in U.S. bank failures

Asia-Pacific banks are «resilient to risks» highlighted by failures seen in U.S. banking sector, Fitch Ratings said Thursday, adding the exposure to Silicon Valley Bank and Signature Bank is insignificant for regional banks the agency covers.

16.03 / 10:31

business regulation SEC coinbase Australian Coinbase met with Australian banking regulators over local crypto regulations

The Reserve Bank of Australia and Treasury have been holding private meetings with executives from Coinbase, with discussions revolving around the future of crypto regulation in Australia.

15.03 / 19:57

COST Provident Target BlackRock Immunic NOT Larry Fink: BlackRock is not the 'environmental police'

Asset managers like BlackRock are not «the environmental police,» Larry Fink said in his annual chairman's letter to investors, which was published on Wednesday.

15.03 / 13:15

Blockchain Digital ANZ Cross-border NAB completes cross-border multicurrrency stablecoin pilot

NAB’s Australian stablecoin, AUDN, is fully backed one-for-one with the Australian dollar and managed as a liability of the bank,NAB’s ambition is to enable transactions across seven of the top globally utilised currencies: Australian, New Zealand, Singapore and US dollars, Euro, Yen and Pound Sterling. The Australian bank expects to be supporting select corporate and institutional clients to transact using digital assets by the end of 2023.NAB executive general manager, Markets, Drew Bradford, says: “We are committed to pursuing the right digital asset opportunities with clear customer benefits.

15.03 / 01:13

Stablecoin Adoption National Cross-border National Australia Bank made first-ever cross-border stablecoin transaction

National Australia Bank (NAB) announced March 14 that it had executed the first-ever cross-border stablecoin transfer on a layer 1 public blockchain. The intrabank transfer used the bank’s fully backed AUDN stablecoin tied to the Australian dollar (AUD).

14.03 / 20:11

Blockchain Binance Sport litecoin Gaming vulnerability Today in Crypto: Wirex & Novatti to Issue Cards to Australians, 280 Networks & $25BN at Risk Due to a Vulnerability, China’s 'Surveillance Coins' vs US 'Freedom Coins'

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

10.03 / 17:55

COST Digital Joe Biden’s government proposes 30% crypto mining tax

The administration of U.S. President Joe Biden has proposed an excise tax on cryptocurrency mining companies that is 30% of the cost of the power they use, as well as eliminating tax-deductible losses associated with crypto token wash-trading, according to a U.S. Department of the Treasury’s document published on 9 March.

10.03 / 04:01

Progressive Australia’s Central Bank Raises Rates, but a Pause Could Be Coming

SYDNEY—Australia’s central bank raised interest rates for the 10th consecutive time, but indicated there had been progress made in taming inflation and that increases could be nearing an end.

09.03 / 17:15

regulation wallet Decentralized Exchange Taxes Bitcoin Regulation CoinTracker integrates with H&R Block to offer crypto tax preparation

Crypto tax software provider CoinTracker is integrating its software with H&R Block, a company that helps millions of customers prepare their income taxes across Canada, the United States and Australia.

09.03 / 06:25

Progressive Australia’s Central Bank Raises Rates, but a Pause Could Be Coming

SYDNEY—Australia’s central bank raised interest rates for the 10th consecutive time, but indicated there had been progress made in taming inflation and that increases could be nearing an end.

09.03 / 03:07

Woodford Link Fund Solutions bidder: Let’s ‘move past’ Neil Woodford scandal

The boss of the firm bidding for Link Group’s funds solutions arm says he hopes a deal will help the UK asset management industry “move past” the Neil Woodford scandal that has plagued it for almost four years.

08.03 / 17:29

Blockchain Adoption Women Equality Promoting equality in crypto and finance — Interview with OANDA

As the world celebrates International Women’s Day, it is important to highlight the achievements and contributions of women in various industries, including finance. In this interview, Jessica Beckstead, managing director, North America, and CEO, US, shares her experiences and insights on gender equality in the sector.

08.03 / 13:45

Progressive Australia’s Central Bank Raises Rates, but a Pause Could Be Coming

SYDNEY—Australia’s central bank raised interest rates for the 10th consecutive time, but indicated there had been progress made in taming inflation and that increases could be nearing an end.

08.03 / 04:07

Blockchain Provident Digital Booking Southern ANZ ANZ to trial offline CBDC payments via smart cards

fourteen pilot trials being conducted by the Reserve Bank of Australia to investigate potential use cases for a central bank digital currency. The ANZ pilot aims to show that using blockchain technology and NFC-enabled smart cards, CBDC could enable users to make instant payments on a peer-to-peer basis, even in an offline environment that is not connected to existing banking infrastructure. The pilot will be conducted on campus at Southern Cross University and RMIT University.

07.03 / 09:53

Progressive Australia’s Central Bank Raises Rates, but a Pause Could Be Coming

SYDNEY—Australia’s central bank raised interest rates for the 10th consecutive time, but indicated there had been progress made in taming inflation and that increases could be nearing an end.

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