Commonwealth Bank – DIGIT INFO

HSBC Australia to block all payments to crypto exchanges, citing scams

DIGIT — Thu, 25 Jul 2024 04:12:46 +0000

At least six big Australian banks have taken such action now — a trend one industry executive says is stripping Aussies of their “financial rights” to participate in the digital economy.

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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 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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Crypto FOMO: Australia’s Largest Bank Sees ‘Bigger Risks in Not Participating’ in Crypto

DIGIT — Sun, 21 Nov 2021 22:30:06 +0000

The CEO of Commonwealth Bank of Australia (CBA), the country’s largest bank, sees big risks in not participating in cryptocurrency. “We see risks in participating, but we see bigger risks in not participating,” he explained. Crypto FOMO, Banks Need to Get Involved, Says CEO of Commonwealth Bank Commonwealth Bank of Australia CEO Matt Comyn talked […]

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ANZ bank executive: The ‘weight of money’ means crypto can’t be ignored

DIGIT — Fri, 05 Nov 2021 02:47:08 +0000

“When you look under the hood on that, we’ve concluded that this is a major protocol shift for financial market infrastructure,” said Nigel Dobson, ANZ’s Banking Services Portfolio Lead.

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Australia’s Commonwealth Bank Lets Customers Trade Crypto Directly Through Its App

DIGIT — Wed, 03 Nov 2021 23:30:26 +0000

The Commonwealth Bank of Australia (CBA), the country’s biggest bank, is providing customers with the ability to buy, sell, and hold crypto assets directly through its app. The bank has partnered with crypto exchange Gemini and blockchain analytics firm Chainalysis to provide crypto services. Commonwealth Bank Begins Offering Crypto Services Commonwealth Bank (CBA), also known […]

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Analysts Point to Regulatory Vacuum as Driving Australian Cryptocurrency Banking Woes

DIGIT — Fri, 05 Jan 2018 12:00:53 +0000

There are increasingly publicized challenges posed to the Australian cryptocurrency industry by the country’s ‘big four’ banks’ refusal to provide financial services to crypto companies. Many analysts are speculating that the issue will become the catalyst for the development of detailed regulations for the virtual currency era, arguing that the opaque nature of the current […]

The post Analysts Point to Regulatory Vacuum as Driving Australian Cryptocurrency Banking Woes appeared first on Bitcoin News.

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Australian Freeze: Big Aussie Banks Denying Bitcoiners

DIGIT — Sat, 30 Dec 2017 11:00:10 +0000

Bitcoiners in Australia claim banks are on purpose freezing their bank accounts, disallowing exchange transfers, and at least one exchange is over-reacting to the freeze. They’re so unnerved they’ve done what any good crypto enthusiast does: air it all on social media and in comment threads. Also read: Bitcoin’s Value — Like Beauty — Is […]

The post Australian Freeze: Big Aussie Banks Denying Bitcoiners appeared first on Bitcoin News.

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