Auto Added by WPeMatico

Survey: Every Sixth Australian Owns Crypto as Bitcoin Maintains Popularity Crown

According to a recent research, 17% of Aussies have some cryptocurrency holdings. Bitcoin is still the most popular digital asset while Ethereum and Dogecoin ranked respectively second and third. What…

Continue ReadingSurvey: Every Sixth Australian Owns Crypto as Bitcoin Maintains Popularity Crown

Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments

The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led…

Continue ReadingAustralia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments

Australia, Singapore, Malaysia, and South Africa to Conduct a Mutual CBDC Project: Report

The central banks of Australia, Singapore, Malaysia, and South Africa will reportedly launch a trial program to test cross-border payments employing different CBDCs. Their mission: to determine whether the move…

Continue ReadingAustralia, Singapore, Malaysia, and South Africa to Conduct a Mutual CBDC Project: Report

Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies.

Continue ReadingAustralia, Singapore, Malaysia and South Africa launch joint CBDC pilot

Travel Rule Implementation Still Far Off Due to Tech Limitations, Australian Regulator Reports

The Australian Department of Home Affairs stated that the country lacked the technical capabilities to implement a system that complies with the travel rule proposed for cryptocurrencies. The Department concluded…

Continue ReadingTravel Rule Implementation Still Far Off Due to Tech Limitations, Australian Regulator Reports

Australians Reported Loses of $25M from Crypto Scams in the First Half of 2021

Cryptocurrency scams were reportedly the most common type of fraud in Australia during the first six months of the year. Locals parted with roughly $25 million after becoming victims of…

Continue ReadingAustralians Reported Loses of $25M from Crypto Scams in the First Half of 2021