The Australian government is addressing the risks of cutting banking services to crypto exchanges amid a flurry of banks restricting certain services over scams. The growing trend of banks cutting services to cryptocurrency companies in Australia could lead to undesired consequences like making the industry less transparent, according to the country’s Treasury Department. On June…
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Binance Australia head Ben Rose claimed the exchange got less than a day’s warning from its payments partner before it was “cut off” from the local banking system in May. In the middle of the night, Binance Australia’s team was suddenly told it would be “cut off” from Australia’s banking system. There was no prior…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Deutsche Bank Applies for German Digital Asset Custody License, Scam Trezor App Warning, Japan’s Crypto Exchanges Urge Regulators to Relax Margin Trading Restrictions, New Banking Restrictions for Australian…
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Bermuda and Nigeria are moving faster on crypto than Australia and the land Down Under will soon “need to be up to speed,” says Loretta Joseph. The Australian government needs to quicken its pace in developing crypto regulation or risk falling behind developing markets, according to the chair of a new crypto think tank. Loretta…
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Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit funds for cryptocurrency operations. Crypto Traders in Australia to Face Another Restriction on Fiat Deposits Australia’s…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: US Court Issues a Summons for Binance’s CZ, EU Targets Instagram, YouTube, TikTok & Twitter Over Crypto Ads, Commonwealth Bank of Australia Limits Customers’ Ability to Send Money…
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The Australian government suddenly announced a new eight-week consultation to ask how heavily it should police the AI sector. The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” artificial intelligence tools should be banned. Other regions, including the United States, the European Union and China, have also…
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Acquiring a bank wouldn’t solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced. Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance’s issues with payment providers in Australia, Changpeng Zhao said investments in several banks might be a better…
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As Binance Australia is facing a cut off from a key local on-ramp service, traders have been trading Bitcoin (BTC) and other cryptocurrencies at a discount on the platform. … Read More: Bitcoin Trading at Discount on Binance Australia Due to Upcoming Payment Cutoff – Here’s What You Need to Know Read more »Sign up for…
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Customers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday. The discount is apparently due to a popular Australian payment service preparing to cut off the crypto exchange from withdrawals in local currency. Bitcoin Trading at Lower Rates on Binance Australia Australians traded bitcoin (BTC)…
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