Australian FinTech company profile #90 – Civic Ledger
Civic Ledger build modern digital platforms to help transform the way civic entitlements and public resources are managed.
Thank You & Merry Christmas!
From the team at Australian FinTech, we’d like to say a massive THANK YOU to everyone who has supported us over the past 12 months.
Aussie cryptocurrency exchange to trial BPAY’s Osko
Cryptocurrency exchange BTC Markets is trialling BPAY’s Osko service as a way to speed up conventional fiat deposits from customers. The company said it would support Osko, which runs as an overlay on Australia’s new payments platform (NPP), which went live in mid-February. The billion-dollar NPP allows banks to send payment messages in real time to each other via the Reserve Bank. In a brief statement, BTC Markets said it would trial Osko for deposits only, but that it expected the service to also support withdrawals within a few months. Osko presents an opportunity for cryptocurrency exchanges to support much faster deposits of fiat currency into their ecosystems, which can […]
Local cryptocurrency exchange gets certified
As investors and regulators around the world attempt to peer into the deep, dark jungle that is digital currency, one Australian exchange operator hopes it has found a way to shine a bit of light by becoming the first business of its kind to get industry certification. BTC Markets is the first Australian exchange to be certified by the Australian Digital Commerce Association, the industry body for the digital currency sector. The Melbourne-based cryptocurrency exchange demonstrated that “rigorous” standards were achieved in meeting the expectations of multiple Australian regulators, most notably AUSTRAC. Operators of Australian exchanges for Bitcoin and other digital currencies need to register with the country’s anti-money laundering […]
Aussie crypto exchange turns attention to new laws
BTC Markets expects delays, fine-tuning. Australian cryptocurrency exchange BTC Markets has warned users to expect deposit and withdrawal delays as it “fine-tunes” transaction monitoring systems to meet new legal obligations. Last month, financial regulator AUSTRAC was handed the authority to monitor local digital currency exchanges under new Anti-Money Laundering and Counter-Terrorism Financing (AML-CTF) laws. It’s the first time Australia’s digital currency sector has been regulated, and BTC Markets is the first local exchange to detail what that might mean for its operations. The company said it already verified “the identity of our users, their source of funds, and the purpose of their transactions as they occur on our platform … […]
Global X welcomes SEC Approval of Spot Bitcoin ETF in US
Global X ETFs welcomes the recent approval by the U.S. Securities and Exchange Commission (SEC) of spot bitcoin ETF applications.
77% of under-40s prefer Bitcoin over gold as investment
More than three-quarters of under 40s would rather Bitcoin than gold in their investment mix, reveals a new survey.
Regulator-approved retail Bitcoin Trust becomes first crypto-asset fund to offer legal rights to Bitcoin holdings
In an Australian first, Monochrome Asset Management has announced the launch of the Monochrome Bitcoin Trust, a regulator-approved crypto-asset retail fund.
