Cryptocurrency exchange Blockbid announce beta launch of live trading
Blockbid will be offering live crypto trading online. Its new feature, which will allow users to trade via secure means, is set for a beta launch on Sep. 28
Australia rolls out new AML/CTF laws for digital currency exchange providers
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has announced that digital currency exchange (DCE) providers would be required to meet Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) obligations, effective 3 April 2018. AUSTRAC is Australia’s financial intelligence agency with regulatory responsibility for AML/CTF. “A ‘policy principles’ period of six months will be in place from 3 April 2018. During that period, the AUSTRAC CEO can only take enforcement action if a DCE business fails to take ‘reasonable steps’ to comply,” AUSTRAC said. Under the new AML/CTF laws, DCE providers would be required to: Adopt and maintain and AML/CTF program to identify, mitigate and manage money laundering and terrorism financing […]
AUSTRAC opens consultation on new rules for digital currency exchange providers
Australia’s financial intelligence agency AUSTRAC has earlier today provided another update to digital currency exchange providers. Somewhat later than initially planned, the agency published its draft AML/CFT Rules for consultation. The draft amendments result from the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017, which is also known as the “Bitcoin bill”. In December last year, the legislative piece passed both Houses and got Royal Assent. Today, AUSTRAC opened a public consultation into the draft AML/CFT Rules. The period of the consultation lasts until February 13, 2018. The rules, inter alia, provide detailed information on the Digital Currency Exchange Register, as well as requirements for information to be reported about […]
Introducing Australian FinTech’s newest Member – Eden Exchange
Eden Exchange empowers entrepreneurs with a revolutionary approach to buying and selling businesses through technology.
Eden Exchange adds SugarCRM AI-powered sales automation to its deal-making platform
Eden Exchange is revolutionising the deal-making process through technology with SugarCRM, provider of the award-winning AI-driven sales automation platform.
SpendConsole opens Dubai office amid surging demand for AI-driven, accounts payable automation solutions
SpendConsole, Australia’s leader in enterprise AI-powered accounts payable automation, announces its expansion into the United Arab Emirates.
Australian fintech Data Zoo names former London Stock Exchange Group executive Charlie Minutella as new CEO
Data Zoo has appointed former London Stock Exchange Group executive Charlie Minutella as its new Chief Executive Officer.
How retailers can bolster brand retention strategies amid declining customer loyalty
After an expensive festive season, many Australians are facing a thrifty start to 2024 as they recover from additional spending over the November-December period amid the ongoing cost of living crisis.
