Binance CEO Changpeng “CZ” Zhao has resigned from the cryptocurrency exchange he founder as past part of a guilty plea deal with US authorities over money laundering and US sanctions violations, that involved funded terrorist groups such as Hamas. Zhao was hit with a US$50 million fine while his company will pay US$4.3 billion (A$6.6bn)… Read more »
Regulation of Australia’s cryptocurrency sector remains a distant possibility, despite a catastrophic 12 months for the industry, after a government-dominated committee preferred to kick the can further down the road rather than embrace a private senator’s bill on the issue from opposition senator Andrew Bragg. The Senate Economics Legislative Committee, chaired by Labor’s Jess Walsh,… Read more »
Consumer group CHOICE is calling on the federal government to ramp up protections for mum and dad investors amid research that a fifth of all Australians are interested or have invested in cryptocurrency, with 12% – 1 in 9 – buying digital coins in the last 12 months. A CHOICE revealed that a majority of… Read more »
The government is looking closely at regulations affecting cryptocurrency as it considers how to handle digital assets and encourage innovation in the broader blockchain ecosystem. Chair of the Select Committee on Australia as a Technology and Financial Centre, Senator Andrew Bragg, said the government recognises cryptocurrency is an “area of full of opportunity and full… Read more »
The buy now, pay later sector has been given a stay of execution in its fight to stop merchants passing on the costs of the service to consumers with an ongoing review by the Reserve Bank of Australia (RBA) concluding the sector has not yet reached a tipping point in favour of introducing the change.… Read more »
ASIC has signed an agreement with the Ontario Securities Commission in Canada that will allow fintech companies greater support when looking to enter and operate in the other’s market.
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