cba – DIGIT INFO

Major Australian bank to decline ‘certain’ payments to crypto exchanges

DIGIT — Thu, 08 Jun 2023 05:26:39 +0000

James Roberts, Commonwealth Bank General Manager of Group Fraud Management Services cited a huge scale of “investment scams” involving crypto exchanges.

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Aussie banks ANZ and NAB won’t ‘endorse’ retail speculation on crypto

DIGIT — Wed, 01 Jun 2022 00:59:40 +0000

Executives from two of Australia’s “big four” banks have said they won’t allow their retail customers to trade crypto with ANZ adding its happy it didn’t “go head long” into a cryptocurrency offering.

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Commonwealth Bank puts crypto trading trial on ice as regulators dither

DIGIT — Fri, 20 May 2022 05:35:01 +0000

Commonwealth Bank of Australia CEO Matt Comyn insists his bank will move forward with the second pilot of crypto services on its app once regulatory uncertainty is cleared up.

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Australian Tax Office says it can’t rely on crypto users’ own records

DIGIT — Fri, 26 Nov 2021 01:04:41 +0000

“Our main concern is that many taxpayers believe their cryptocurrency gains are tax-free or only taxable when the holdings are cashed back into Australian dollars,” said the ATO commissioner.

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Australia’s Rest Super retirement fund to invest in crypto for its 1.8M members

DIGIT — Wed, 24 Nov 2021 04:36:53 +0000

“It’s still a very volatile investment, so any allocation exposure we make to cryptocurrencies is likely to be part of our diversified portfolio,” said Rest Super’s CIO Andrew Lill on Tuesday.

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Commonwealth Bank of Australia recognizes risks in missing out on crypto

DIGIT — Tue, 23 Nov 2021 05:22:50 +0000

“We see risks in participating, but we see bigger risks in not participating,” said CBA CEO Matt Comyn on the bank’s recent crypto adoption play.

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Commonwealth Bank to enable crypto trading for 6.5M Aussies, ‘other banks will follow’

DIGIT — Wed, 03 Nov 2021 01:34:41 +0000

The CBA stated that it will support 10 crypto assets in its banking app, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

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Aussie Banks Still Cold to Cryptocurrency Businesses Despite Regulation

DIGIT — Sun, 14 Apr 2019 08:05:28 +0000

Despite increasing regulation in the cryptocurrency sector, Australia’s major banks maintain cautious policies when it comes to cryptocurrencies. While cryptocurrency businesses appear to challenge Australian banks’ appetite for risk, many institutions permit cryptocurrencies to be purchased using credit cards. Also Read: Lithuania to Adopt Crypto Regulations Even Stricter Than the EU’s Credit Card Cryptocurrency Purchases […]

The post Aussie Banks Still Cold to Cryptocurrency Businesses Despite Regulation appeared first on Bitcoin News.

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Australian Banks Fraudulently Collected Fees From Deceased Customers

DIGIT — Wed, 06 Feb 2019 11:35:56 +0000

A national inquiry into the misconduct of Australia’s banking sector has revealed profit-driven malpractice that has shattered customer trust. Some of the country’s largest banks were found guilty of making families homeless and charging fees for non-existent services, sometimes to dead customers. They also caused clients to lose hundreds of millions of dollars through misleading […]

The post Australian Banks Fraudulently Collected Fees From Deceased Customers appeared first on Bitcoin News.

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Some Major Canadian Banks Still Allow Cryptocurrency Credit Card Transactions

DIGIT — Sun, 25 Feb 2018 15:35:58 +0000

While TD Bank has revised its policies and stopped allowing customers to purchase cryptocurrencies using its credit cards, some major banks in Canada still allow crypto credit card transactions, the banks reportedly confirmed on Friday. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten TD Bank Halts Crypto Credit Card Purchases Canada’s largest bank […]

The post Some Major Canadian Banks Still Allow Cryptocurrency Credit Card Transactions appeared first on Bitcoin News.

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