government

Oct
01

Fears simmer about repeat of Storm Financial fallout

One fintech firm fears that the political reaction to the Hayne royal commission will result in more ineffective reforms, similar to the ones arising from the collapse of Storm Financial crisis. Raiz chief executive George Lucas said that when the royal commission hands down its final report by 1 February 2019, the odds are that […]

By Reposted by Australian FinTech | FinTech
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Sep
18

Policies to build a data economy

Australia has a rare opportunity to capture a disproportionately large proportion of emerging data economy, according to Reinventure Group co-founder and managing director Danny Gilligan. But the effort is going to take a top-down, nationally coordinated policy effort to build competitive and exportable regulatory frameworks for data. Mr Gilligan holds deeply the belief that data […]

By Reposted by Australian FinTech | FinTech
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Sep
18

What’s the deal with equity crowdfunding, and should I do it?

What’s changed? The updated legislation passed on September 12, including an amendment from Labor which means it will come into effect in 28 days. Equity crowdfunding will now be available to private companies, but there are still some restrictions. Companies must have less than $25 million in turnover and gross assets, and funds raised will […]

By Reposted by Australian FinTech | FinTech . Investing
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Sep
12

Australian financial regulator to focus on ICOs and cryptocurrency exchanges

In its 2018-22 corporate plan report, the Australian Securities & Investments Commission (ASIC) revealed it would be focusing on cryptocurrencies with an emphasis on ICOs and exchanges. The Australian Securities and Investments Commission (ASIC) published a report this week that details its plans to tightly scrutinize the crypto industry in the country. The areas of […]

By Reposted by Australian FinTech | Currency . FinTech . Investing
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Aug
28

Cryptocurrency regulation in Australia: Pains and Gains

We start this analysis with an unusual positive: cryptocurrency regulation in Australia is moving in the right direction, and the latest legislative developments regarding cryptocurrencies should be welcomed by the general public as a step in the right direction. Offering protection to crypto consumers and investors, and providing legal certainty to blockchain-related businesses – without […]

By Reposted by Australian FinTech | Bitcoin . FinTech
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Aug
15

Victorian Government signs on as FinTech conference major sponsor for two years

FinTech Australia announce that the Victorian Government will increase its support for the startup and FinTech communities by signing on to be the major sponsor of Intersekt for both 2018 and 2019, as tickets for this year’s event go on sale today. FinTech Australia Chief Executive Officer, Brad Kitschke said, “The Victorian Government and Minister […]

By Australian FinTech | FinTech
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Aug
14

After CBA scandal, Australia’s regtech sector is ready for take-off

The local regtech scene is ready for take-off. There were two indications last week that regulatory technology’s engines are revving up. One was the corporate regulator securing an extra $6 million in funding from the federal government to market Australia as a global centre of regtech excellence. The Australian Securities and Investments Commission chairman James […]

By Reposted by Australian FinTech | ASX . Blockchain . Investing
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Aug
09

Australian Government invests in crypto startup for ‘Bitcoin Boost’ for tourism

In an announcement on its official website on Wednesday, the Queensland government revealed details of an AUD$8.3 million grant given to 70 domestic companies looking to innovate in the region. Pointedly, the announcement pinned Queensland-based crypto payments startup TravelbyBit as the headlining act in describing it as “a startup company set to drive more tourists […]

By Reposted by Australian FinTech | Bitcoin . FinTech . Investing . Payments
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