Mastercard to settle transactions for stablecoin wallet in APAC
Mastercard has entered a collaboration that would allow retail customers in the APAC region to spend their stablecoins anywhere Mastercard is accepted. Go to Source Powered by WPeMatico
Australia
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Australian Banking Association’s cost of living inquiry reveals bank pressure
An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds. Go to Source Powered by WPeMatico
Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal
Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves adding impure ore like silver to the mix to cut costs and lower the quality of gold. Reportedly, … Read more
Australian central bank to launch ‘live pilot’ of CBDC in coming months
The use cases for the CBDC ranged from offline payments to “trusted Web3 commerce” and financial industry participants were invited to undertake a live pilot. Go to Source Powered by WPeMatico
Aussie regulators review Binance Australia Derivatives over account closures
A day after Binance Australia Derivatives sent notifications of account closures to users it wrongly classified, regulators in Australia said they’re looking into the company. Go to Source Powered by WPeMatico
Binance Australia Derivatives reportedly closes accounts and positions for some users
Binance Australia Derivatives incorrectly classified end users as wholesale investors, according to an investigation into its onboarding services. Go to Source Powered by WPeMatico
Australia and the UK share their big picture of crypto: Law Decoded, Jan. 31–Feb. 6
While the British Treasury emphasizes the liberal approach, Australia goes with the profound taxonomy of all the crypto assets. Go to Source Powered by WPeMatico
Australia introduces classification for crypto assets
The national regulators propose to distinguish four major types of products related to the crypto industry. Go to Source Powered by WPeMatico
Aussie regulator flagged concerns about FTX months before collapse: Report
Australia’s financial regulator raised concerns about FTX Australia not long after it began operations in March 2022, according to documents. Go to Source Powered by WPeMatico
Australia ranks 3rd in crypto ATM installations after US and Canada
Australia now enjoys 234 crypto ATMs, which puts her in the third spot globally after the United States and Canada. Go to Source Powered by WPeMatico
