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Showing 11 - 20 of 75 results for "Digital currency"

Cointree hit with AUSTRAC fine

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... said. In 2024, AUSTRAC released the Money Laundering in Australia National Risk Assessment which identified the digital currency exchange (DCE) sector as being vulnerable to money laundering due to its speed, global reach, pseudonymity and ability to ...

Dimon 'cautiously pessimistic' on US economy

KARREN VERGARA  |  FRIDAY, 17 JAN 2025
... scheme" and "as useless as a pet rock" but does not completely write it off. "We are going to have some kind of digital currency at some point. I'm not against crypto. You know, Bitcoin itself has no intrinsic value. It's used heavily by sex ...

RBA seeks input on CBDC research project

MATTHEW WAI  |  FRIDAY, 8 NOV 2024
The Reserve Bank of Australia (RBA) is seeking industry feedback on a central bank digital currency (CBDC) research initiative, Project Acacia. The project will explore how different forms of digital money and associated infrastructure could support ...

Australia's best-performing super fund says no to crypto

ANDREW MCKEAN  |  FRIDAY, 4 OCT 2024
... added. Armitage also believes that cryptocurrencies are as much a concept as they're an actual investment. "It's a digital currency where there is actually nothing that sits behind it. And so essentially you are buying a concept, albeit a concept with ...

RBA doubling down on wholesale CBDC

MATTHEW WAI  |  THURSDAY, 19 SEP 2024
The Reserve Bank of Australia (RBA) and Treasury today released a report on central bank digital currency (CBDC), citing a three-year project is now underway for wholesale CBDC. In a thorough report, Central Bank Digital Currency and the Future of Digital ...

SEC gives final approval for Ethereum ETFs

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... Magnet Capital co-founders Benjamin Celermajer and Egor Sidelska said the final approval was another win for the digital currency industry. "Given the SEC sign-off required to launch, these advisors can for the first time consider a second crypto asset ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... other cryptocurrency or traditional currency through independent exchanges. Prior to November 2021, the only digital currency exchange that accepted Qoin was BTXExchange, which was neither independent of BPS nor allowed for the exchange of crypto assets ...

Bitcoin halving won't bring immediate price rise

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... Bitcoin ETFs in January. In addition, more than $10 billion in institutional investment has flowed through the digital currency market. Magnet Capital co-founder Benjamin Celermajer said halving events have historically preceded significant bull runs ...

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... Court last week appointed Anthony Connelly, Kathy Sozou, and Jamie Harris of McGrathNicol as receivers over the digital currency assets of the NGS companies and of Mendham, Ten Caten, and Brown. ASIC said it applied for these orders because it was concerned ...

Crypto lender sentenced for false licence

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
... representative of an ACL holder. During this time, Helio offered cryptocurrency-backed loans to consumers using the digital currency as security over the loan. As punishment, Helio has entered a recognisance in the sum of $15,000 for a period of 12-months ...