Crypto asset investing has become more popular with Aussie boomers according to the country’s largest exchange.
Aussie “buy now, pay later” fintech found that BNPL users are 67% more likely to trade crypto than non-users.
Fintech companies see an opportunity in the negligence and reluctance of traditional banks toward the cryptocurrency ecosystem.
The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for Intern
Bitcoin remains the most popular cryptocurrency in Australia, with 9% of Aussies currently hodling it.
The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank-issued digital currencies.
Thailand’s Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex.
The Australian Department of Home Affairs stated that the country lacked the technical capabilities to implement a system that complies with the travel rule proposed for cryptocurrencies. The Depa
Legislation dramatically expanding the hacking capabilities of Australian authorities investigating suspected cybercriminals has been passed through the country’s Senate.
Bitcoin-related investment scams have already exceeded $18.5 million, an increase of 44% compared to the total losses of nearly $12.8 million in 2020.