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Tag Archives: Australia

Australia Post Provides Quick KYC for Bitcoin Exchange Users

An unlikely story of partnership between old and new is unfolding in Australia as Australia Post, the country’s 209-year-old “snail mail” delivery service is using digital identification technology to enable cryptocurrency exchanges to carry out KYC checks in a matter of minutes, thereby vastly simplifying the process of purchasing crypto in Australia. Using Australia Post’s ‘Digital iD‘ service, Australian crypto ...

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Reserve Bank of Australia Official ‘Not Convinced’ of Need for Digital Dollar

The Reserve Bank of Australia (RBA) assistant governor Michelle Bullock said that the bank has not been convinced of the need to create a digital Australian dollar, local business and finance news outlet The Australian Financial Review reported Oct. 24. Speaking at the Sibos 2018 banking and financial conference in Sydney, Bullock reportedly said that she is “interested to consider ...

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No Point of a Central Bank Digital Currency in Australia: Assistant Governor

Australia is not likely to see a central bank digital currency (CBDC) any time soon as the country’s reserve bank is of the view that the existing system ‘works well’. Speaking at this year’s Swift International Banking Operations Seminar (SIBOS) currently underway in Sydney, the assistant governor of the Reserve Bank of Australia (RBA), Michelle Bullock, said that the apex ...

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NEM Price Surpasses $0.1 Following Expansion Into Australia

This week is already off to a good start for a few alternative cryptocurrencies. While most people have kept tabs on the top altcoins and some lower-cap altcoins, this week may very well be all about NEM. Its value has risen above $0.1 again, and it seems the trend is only gathering more momentum as time progresses. NEM Price Makes ...

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Australia Trials Citizen Disability Insurance Payments on a Blockchain

The Australian federal government is testing a blockchain application to explore the use of blockchain technology to create ‘smart money’ for the country’s National Disability Insurance Scheme (NDIS). Dubbed “Making Money Smart”, the trial is jointly developed by the Commonwealth Scientific and Industrial Research Organization (CSIRO) – Australia’s federal science agency – and the Commonwealth Bank of Australia (CBA), one ...

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Australia Trials Blockchain-Based ‘Smart Money’ for National Disability Insurance Scheme

The Australian federal government is exploring the use of blockchain-based “smart money” for use in its National Disability Insurance Scheme (NDIS), according to an Oct. 9 press release. The trial, dubbed “Making Money Smart,” has been jointly developed by the Commonwealth Bank of Australia (CBA) and Data61. The latter is a digital innovation center that forms part of the Commonwealth ...

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Leading Hong Kong, Shanghai, Singapore and Australia Scholars Join Forces to Tackle Regulatory Issues around Cryptocurrencies

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Scholars ...

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Singporean Crypto Exchange Invests $3 Million in Bitcoin Australia

Singapore-based cryptocurrency exchange KuCoin has marked its foray into Australia with a multi-million investment in a regulated domestic exchange, part of a new joint venture. The Australian Financial Review is reporting that KuCoin has invested the AUD $3 million investment in Bitcoin Australia, a domestic exchange that enables bitcoin trading and ethereum buying, enabling the Asian exchange operator enter the ...

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