AUSTRAC registers two more cryptocurrency exchanges
Two more Australian cryptocurrency exchanges have been registered by AUSTRAC under rules that came into effect earlier this month. NCX and ACX.io join Independent Reserve and CoinSpot in complying with the same anti money laundering and counter-terrorism financing (AML-CTF) rules that apply to other finance sector participants such as banks. Perth-based National Currency eXchange (NCX) said in a statement that it “confirms its compliance program will keep it in alignment with its AML-CTF obligations”. “The completion of this registration allows NCX to continue to provide trading services in popular cryptocurrencies, such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash, with further cryptocurrencies and upcoming ICOs to be added to the exchange […]
Digital currency exchange opens Australia’s first OTC desk for institutions
Independent Reserve, the Australian Digital Currency exchange, has opened Australia’s first over-the-counter trading desk for institutions wanting to make large digital currency trades. CEO Adrian Przelozny said the lack of block trading venues had been a barrier for institutions to participate in digital currency investment. “Digital currency markets are just like any other asset class, in that when the market sees a big trade coming through it will move the price against whoever is making that trade,” he said. “In equity markets they solve that problem with dark pools and sales trading desks, but there is no digital currency equivalent in Australia as yet. By establishing an OTC desk with […]
‘We’re getting between 100 and 200 new users every day’: Aussie money boosts Bitcoin’s $7000 surge
Australian money is pouring into Bitcoin, which hit another record high on Friday, swelling the market capitalisation to $US160 billion. The cryptocurrency was fetching $7044 ($US5452) on Friday afternoon, up 75 per cent in under 30 days. The extreme price recovery has emerged in the face of powerful headwinds; China recently banned Initial Coin Offerings [ICO] – a type of internet crowdfunding, Russia pledged to ban Bitcoin exchanges and there is another impending Bitcoin fork. But a key theme underpinning the extreme price action is the widespread adoption by mainstream investors, curious at the blockchain innovation and seduced by the recent price surge. Local exchanges are finding new customers are […]
How to buy Bitcoin: Crypto currency making a comeback with investors
Ever wondered what $50,000 looks like in cash, gold and silver? While piles of $100 notes or ingots of silver might make the money hungry salivate, the equivalent value in gold is a paltry #g bar and almost doesn’t seem worth acknowledging. But spare a thought for those who invest their hard-earned money in an item that delivers even less of a visible return but which has rapidly grown in popularity around the world: Bitcoin. A $50,000 “piece” of the crypto currency is rendered physically as a mere printout of a QR code on a piece of card. Hardly inspiring stuff. Yet, the way Australians invest their hard-earned cash seems […]
OKX launches crypto exchange in Australia with spot and derivatives trading
OKX now offers spot (buy & sell) trading for all users and derivatives trading for verified wholesale clients in Australia.
PayPal launches US Dollar Stablecoin, issued by Paxos Trust Company
PayPal has launched a US dollar stablecoin, PayPal USD, and is redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company.
Novatti completes first charitable donation using eAUD as part of Australia’s CBDC pilot
Novatti Group (ASX:NOV) have announced that it has executed Australia’s first ever charitable donation using a stablecoin backed 1:1 by Australia’s CBDC (eAUD).
Monoova successfully executes first real-world, cross border settlement utilising Australian CBDC
The Reserve Bank of Australia, in collaboration with the Digital Finance Cooperative Research Centre, held an invite only conference in Sydney for participants in the Australian Central Bank Digital Currency Pilot.
