#australia cryptocurrency

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Australia Steps up Crypto Regulation With ‘Token Mapping’ Exercise

Australia Steps up Crypto Regulation With ‘Token Mapping’ Exercise

The Australian government has begun its efforts to regulate the crypto space with the announcement of the launch of a token mapping exercise to better regulate the market. Treasurer Jim Chalmers said that work was underway on crypto asset regulation “to keep up with developments and provide greater protections for consumers.” Australia saw the Labor Party come to power about three months ago, and…

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New Deal Allows Australians to Make Use of Digital Payments

New Deal Allows Australians to Make Use of Digital Payments

Crypto.com and Australian fintech company DataMesh announced the first scalable payments solution under a new partnership to allow everyday payments via crypto. The collaboration is set to allow digital payments for some outlet purchases in Australia without the need to convert the funds into fiat. However, notably, the securities watchdog had also raised fresh warnings around large crypto…

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Australia Announces Year-Long Trial to Evaluate CBDC Use

Australia Announces Year-Long Trial to Evaluate CBDC Use

The Reserve Bank of Australia (RBA) has announced a one-year research program into the pros and cons of a central bank digital currency (CBDC). The RBA announced that it will partner with the Digital Finance Cooperative Research Center (DFCRC), an industry player with roots in the sector, to assist in the launch of a CBDC. To achieve this, the RBA will conduct a research program with the DFCRC…

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Australian Central Bank Governor Prefers Privately Issued Tokens Over CBDCs

Australian Central Bank Governor Prefers Privately Issued Tokens Over CBDCs

Australian central bank governor Phillip Lowe said at a G20 event that regulated private tokens could be better than Central Bank Digital Currencies. The Hong Kong Monetary Authority Chief, who joined Lowe on a panel at the G20 event, said that regulating these private tokens is critical in addressing the risks posed by decentralized finance. A recent Bank for International Settlements survey…

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Australian Crypto Firm Lays off Workers as the Crypto Winter Bites Harder

Australian Crypto Firm Lays off Workers as the Crypto Winter Bites Harder

As the crypto winter shows little to no end, Australian crypto giant Banxa wants to save itself by rescinding the employment contracts of a cross-section of its workforce. Banxa, a crypto firm based in Australia, disclosed via an internal memo that it would be laying off 30% of its employees in light of the possibility of extended crypto winter. The move will see the firm reduce its headcount to…

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Australia’s Biggest Exchange to Delist Bitcoin SV

Australia’s Biggest Exchange to Delist Bitcoin SV

In a Jan. 27 blog post, Independent Reserve, Australia’s largest digital asset exchange, announced that it would be delisting Bitcoin SV on March 28. All BSV trading will cease and open orders will be canceled on that day, but exchange users will be given a six-month grace period to withdraw their funds.  Bitcoin SV, or Satoshi’s Vision, is one of the biggest cryptocurrencies on the market in…

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