nab – DIGIT INFO

Banking is ‘slowly dying’ — Former TradFi execs on reasons for joining crypto

DIGIT — Thu, 22 Jun 2023 05:15:04 +0000

Cointelegraph spoke to former senior executives in traditional finance who’ve made the move to crypto. Would they ever go back?

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FTX names Kroll as claims agent, to update users on bankruptcy developments

DIGIT — Fri, 18 Nov 2022 03:11:22 +0000

Claims and noticing agents such as Kroll are often assigned to bankruptcy cases where the number of creditors exceeds a thousand.

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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 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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Leading Australian Banks Allow Customers to Purchase Cryptocurrencies

DIGIT — Wed, 07 Feb 2018 17:00:29 +0000

Three of Australia’s ‘big four’ banks have issued comments regarding their respective policy positions with regards to their customers’ ability to purchase cryptocurrency using accounts issued by said banks. The statements come weeks after reports surfaced detailing an apparent banking embargo on the part of Australian banks targeting cryptocurrency businesses. Also Read: Australian Freeze: Big Aussie […]

The post Leading Australian Banks Allow Customers to Purchase Cryptocurrencies appeared first on Bitcoin News.

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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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