The Bank for International Settlements (BIS) has collaborated with central banks from Australia, Singapore, South Korea, and Malaysia to test Project Mandala—a system designed to enhance cross-border payment speed and efficiency.
Kraken's institutional arm has begun offering services to clients in the UK and Australia, catering to hedge funds, ETF issuers, and other large entities with advanced management and functionality.
Australia has enforced new online gambling regulations that ban the use of cryptocurrencies for betting. This restriction also applies to credit cards connected to crypto wallets.
Fintech company Imperium Markets has called on the Australian government to accelerate the tokenization of debt instruments to stay competitive in today’s market. The company has long been working with the government on a pilot project employing distributed ledger technology for tokenization.
18 countries have developed a detailed set of guidelines on AI cyber security. Participants include the USA, UK, Canada, Italy, France, Germany, Australia, Israel, Japan, New Zealand, Nigeria, Norway, South Korea, and Singapore.
An analysis of crypto accessibility via ATMs, business adoption, legal frameworks, and overall availability has identified the frontrunners for 2023 as Hong Kong, Switzerland, the USA, Georgia, Slovenia, Canada, Australia, Germany, Bulgaria, and Panama.
Since the start of 2023, the Australian financial regulator (ASIC) has closed over 7,300 fraudulent investment websites and schemes, including 615 cryptocurrency projects. Fake investments continue to be a major issue, with Australians losing over $1.3 billion to such scams in the past year.
A study by SAS reveals that China is at the forefront of global AI implementation, with 83% of companies utilizing artificial intelligence. This is notably higher than the adoption rates in the UK (70%), the US (65%), and Australia (63%), with the global average at 53%.
Microsoft is offering to its China-based employees, especially AI specialists, to relocate to another country due to rising China-U.S. tech tensions. The main relocation options are the U.S., Ireland, Australia, or New Zealand.
The Australian Tax Office (ATO) has clarified its stance on decentralized finance, intending to impose capital gains tax on virtually any standard user activity.
Bendigo Bank, one of Australia's leading banks, has decided to limit high-risk crypto payments to protect its customers from potential scams. As a result, Bendigo Bank has become the fourth major bank in Australia to implement such security measures. However, the precise criteria used to block transactions remain unknown.
