Ripple Labs Expands Liquidity Hubs to Brazil, Australia
Ripple Labs extends its global footprint, granting Brazilian and Australian businesses seamless access to its innovative Liquidity Hub platform. According to the research, there has been a substantial shift in the difficulties associated with adopting new technology: “If we look back to the ’90s and the early 2000s, the technical challenge at the time was […]
RBA Says Australian CBDC is Years Away After Pilot Study
The Reserve Bank of Australia (RBA) has announced that the introduction of a central bank digital currency (CBDC) in Australia is not imminent, as it requires more policy deliberation and research. The announcement follows the completion of a pilot study conducted by the RBA and the Digital Finance Cooperative Research Centre (DFCRC), a consortium of […]
Bendigo Bank Restricts High-risk Payments to Crypto Exchanges
Bendigo Bank is the fourth central Australian bank to impose restrictions on “high-risk crypto payments,” citing the need to protect customers from investment scams. The bank announced on July 31 that it had implemented new rules on instant payments to cryptocurrency exchanges that add “some friction” to “certain genuine payments,” according to Jason Gordon, the […]
Monochrome, Vasco File for Spot Bitcoin ETF
Monochrome Asset Management Pty Ltd and Vasco Trustees Ltd have submitted an updated spot Bitcoin ETF registration to the Australian Securities Exchange (ASX) under the country’s new regulatory framework. The Australian Securities Exchange (ASX) has received an updated application for the Monochrome Bitcoin ETF (IBTC), according to an announcement issued by Monochrome Asset Management on […]
Australian Authorities Investigate Binance Offices Amid Regulatory Probe
The Australian securities regulator searched Binance Australia’s offices on Tuesday as part of a probe into its recently closed derivatives business. According to the article, this action results from a thorough examination into the closure of Binance Australia’s derivatives business by the Australian Securities and Investments Commission (ASIC). The ASIC investigation aims to carefully examine […]