government

Feb
20

Crowdfund laws frozen in time

Much-anticipated reforms extending equity crowdfunding to private companies have yet to move through the Parliament, nearly six months after the bills were first introduced. The Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017 would let private companies undertake an equity crowdfunding round without first converting into an unlisted public company. The bill was introduced […]

By Reposted by Australian FinTech | FinTech . Investing
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Feb
09

Scott Morrison says data sharing regime will ‘revolutionise’ banking

Treasurer Scott Morrison said new rules to give bank customers control over their data will disrupt the major banks’ “stronghold” on information and encourage a new wave of fintech innovation. He said stringent security and governance rules along with safeguards to protect customer privacy would be be at the core of the federal government’s regime, […]

By Reposted by Australian FinTech | Banking . FinTech
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Feb
01

Australia’s fintech industry wants to remove roadblocks for private company equity crowdfunding

Australia’s fintech industry has called for the fast adoption of stalled private company equity crowdfunding legislation to help more Australian small-to-medium sized businesses access the funds they need to grow. Legislation supporting crowdfunding for private companies was introduced to the House of Representatives in September last year hasn’t progressed. FinTech Australia chair Stuart Stoyan today […]

By Reposted by Australian FinTech | FinTech . Investing
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Jan
31

Bilateral forum looks to digital future

Economic opportunities and ways to embrace rapidly advancing technologies will be among the topics of discussion at the Indonesia-Australia Digital Forum in Jakarta this week. The forum is a shared initiative of Prime Minister Malcolm Turnbull and President Joko Widodo. The Minister Assisting the Prime Minister for Digital Transformation, Michael Keenan, will attend the two-day […]

By Reposted by Australian FinTech | FinTech
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Jan
25

A tale of two FinTech hubs

The Victorian government has opted to fund two separate FinTech hubs in Melbourne following an extended tender process. The government announced last June that it would work with an “established innovation hub operator” to establish a FinTech hub at the Goods Shed North in Docklands. But on 21 December, one day before the Christmas and […]

By Reposted by Australian FinTech | FinTech . Investing
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Jan
19

AUSTRAC plans counterterrorism codeathon

The Australian Transaction Reports and Analysis Centre (AUSTRAC) plans to hold a codeathon in March to help solve challenges associated with countering terrorism financing. The ASEAN-Australia Codeathon is expected to bring together more than 80 experts including counterterrorism financing experts, software developers, programmers, analysts, designers and engineers. Participants at the Sydney event will be given […]

By Reposted by Australian FinTech | FinTech
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Jan
17

Bitcoin tumbles as fears of cryptocurrency crackdown linger

January’s cryptocurrency selloff got fresh impetus on Tuesday when Bitcoin slumped as much as 20 percent, as the prospect of regulatory crackdowns appeared to spread. While the largest digital coin trimmed its loss and was down 18 per cent at $11,444 ($14,378) at 5am AEDT, it was still at the lowest level since late December, […]

By Reposted by Australian FinTech | Bitcoin . FinTech . Investing
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Jan
17

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 […]

By Reposted by Australian FinTech | Bitcoin . FinTech
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