BTC Markets becomes first Australian crypto firm to get a financial services license
Reserve Bank warns Aussies over punting on ‘fad driven’ cryptocurrencies
The Reserve Bank of Australia (RBA) has warned Aussie investors about speculating on digital assets as it casts doubt over the entire crypto sector. During a Nov. 18 address to the Australian Corporate Treasury Association, the RBA’s head of payments policy Tony Richards offered an overview on distributed ledger tech, crypto assets, stablecoins, and central […]
ANZ bank executive: The ‘weight of money’ means crypto can’t be ignored
One of the ANZ bank’s senior executives has told a Blockchain Australia forum that the crypto sector has grown too big to be ignored by traditional finance. The comments came a day after rival Commonwealth Bank announced that it would roll out crypto trading services for 10 digital assets via its Commbank app. The “State […]
ACX's parent company Blockchain Global collapses owing $15M
Blockchain Global (BGL), the parent company of the now-defunct Australian crypto exchange ACX, has collapsed with outstanding debts of $15 million. On Sept. 13, The Victoria Supreme Court placed a freeze order on 117.33 Bitcoin (BTC) —worth around $7.1 million — held by two companies behind the exchange, BGL and ACX Tech. Three days later […]
Commonwealth Bank to enable crypto trading for 6.5M Aussies, 'other banks will follow'
The Commonwealth Bank of Australia (CBA) is set to launch crypto trading services for the 6.5 million users of its CommBank app. The CBA will become the first bank in Australia to support crypto, and Blockchain Australia says it is “inevitable” that the other ‘big four’ banks including National Australia Bank (NAB), Australia and New […]