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…
Read more
The Australian crypto ecosystem has flourished despite the pandemic, with a booming DeFi sector, a five year blockchain roadmap and the embrace of the technology by banks and the finance sector. For a country of 25 million people, Australia punches well above its weight both economically and in the world of blockchain. Australians have long…
Read more
Blockchain tech could purportedly reduce the timeline of bank guarantees processes by days. Three of the “big four” Australian banks are forming a new company called Lygon to digitize bank guarantees using blockchain technology. Bank guarantees are an official contract between a debtor and a financial institution. It ensures the debtor and the debt provider…
Read more
