Tag: australia

  • Blockchain

    Australia’s Biggest Bank Launches World’s First Blockchain Bond With World Bank

    Australia has maintained a Blockchain-friendly position with its government-backed exploration of Blockchain technology for various applications. Now, it is getting ready to issue the world’s first Blockchain bond upon being mandated by the World Bank. Australia to Create Distributed Ledger Bonds The Commonwealth Bank of Australia (CBA) will...

    Prateek Dimri | August 10, 2018 | 1:55 pm
  • Queensland

    Crypto to Benefit from Queensland’s AU$8.3 Million Innovation Fund

    The Queensland government is stepping up efforts to put the country in the lead in the global race on blockchain and cryptocurrency. The state, with nearly five million people, has announced an investment plan of AUS$8.3 million (US$6.14 million) to boost innovation, including the distributed ledger technology ecosystem...

    Ricardo Esteves | August 2, 2018 | 8:00 pm
  • Report

    EU Report: State Cryptocurrencies Could Create a Stable Financial System

    An EU report has concluded that central bank digital currencies (CBDCs) could pave the way towards a more stable financial system due to their ‘disruptive’ ability. It also recognised the opportunities for oppressed countries to use cryptocurrencies, but highlighted the risks of volatility in the crypto market. EU...

    tim copeland | June 26, 2018 | 8:00 pm
  • Australia

    RBA Official Predicts Bitcoin Will Struggle in Australia

    A senior official at the Reserve Bank of Australia (RBA) has speculated that Bitcoin is unlikely to succeed in Australia because they already have a successful currency. The official compared the volatility of cryptocurrencies to stable fiat alternatives and cast doubt on Bitcoin as a store of value....

    tim copeland | June 26, 2018 | 6:00 pm
  • australia

    Report: Crypto Scams a Tiny Percent of Fraud in Australia

    Australian Competition and Consumer Commission (ACCC) has shown in a report that crypto related fraud makes up a tiny percent of scam activity in 2017. Crypto Scams Make Up a Tiny Part The watchdog’s report entitled  Targeting scams: Report of the ACCC on scams activity 2017 researched over 200,000 scams...

    John McMahon | May 21, 2018 | 9:00 am
  • Blockchain Welfare

    Australia is Exploring the Blockchain for Welfare Payment Distribution

    Australia’s Digital Transformation Agency (DTA), which works with government agencies, users, and private sector partners to develop public services, has announced it is studying the use of blockchain for welfare payment distribution. A prototype could be in the market come mid-2019. Australia May Deliver Welfare Payments over Blockchain The...

    Ricardo Esteves | May 17, 2018 | 9:00 pm
  • Government

    Australians Look to Bitcoin As Government Bans A$10,000 Cash Payments

    The government of Australia plans to set up a Black Economy Standing Taskforce that aims to reduce the weight of illegal economic activity in the country. To this end, the commission is introducing an economy-wide cash payment limit of A$10,000 to businesses. The public authorities’ intentions may be confronted...

    Ricardo Esteves | May 11, 2018 | 7:00 pm
  • australia

    Australia Rolls Out New Cryptocurrency Regulations

    A lot of things are changing in Australia. This is especially true when it comes to cryptocurrency. A new law has been introduced to bring additional regulation to this industry. Service providers need to adhere to the new guidelines introduced by the Australian Transaction Reports and Analysis Centre...

    JP Buntinx | April 11, 2018 | 9:00 am
  • australian, ico

    The Australian Crypto Scene Just Gets Better and Better

    So far this year, crypto mania–as it’s often called by traditional news sources–has continued to grip the masses as the prospects of blockchain technology become increasingly exciting. Some pundits called for a slowdown in ICOs this year, but nothing has been further from the truth. According to CoinSchedule...

    Guest Author | March 19, 2018 | 3:08 pm
  • finance

    Dutch Finance Minister Joins Australia in Warning Public of Cryptocurrency Scams

    Amid the rising number of crypto-related scams that are coming about with the ever-increasing popularity of cryptocurrencies, Finance Minister Wopke Hoekstra outlined his concerns over the recent rapid boom in the popularity of the coins in a six-page letter to the Dutch House of Representatives and the Senate. Hoekstra argued that...

    Thomas Delahunty | March 15, 2018 | 8:19 pm

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