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Vizag Fintech Festival • October 22-26, 2018

The Vizag Fintech Festival 2018 is poised to be the nation’s largest Financial Technology event. The week-long event will take place from…

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Tag: Australia

Australian NSW Government Looks to Blockchain Technology For Property Conveyancing

Category: Adoption, Blockchain, News, Regulation

Australian NSW Government Looks to Blockchain Technology For Property Conveyancing

The Australian New South Wales (NSW) Government is eager to trial blockchain technology for property conveyancing because it may make the process more efficient, cheap, secure, and reliable. According to ZDNet’s article published on October 15, 2018, the NSW Land Registry will complete a proof of concept in early 2019 with the intent of shifting all form of land registry…

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Australia Trials Blockchain Platform for National Disability Insurance Scheme

Category: Bitcoin, Blockchain, Finance, News, Platform, Tech

Australia Trials Blockchain Platform for National Disability Insurance Scheme

Australia is currently in the process of exploring the potential for blockchain technology to create ’smart money’ to be used in its National Disability Insurance Scheme (NDIS), its federal government revealed in an October 9, 2018, press release. ‘Smart Money’ Trial Explores the Potential for Blockchain CSIRO’s Data61 and the Commonwealth Bank (CBA) have developed an app as part of a…

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AUSTRAC Investigates Cryptocurrency Exchanges

Category: Altcoins, Bitcoin, Exchange, Finance, News, Regulation

AUSTRAC Investigates Cryptocurrency Exchanges

Australia’s financial regulator, the Australian Transactions Reports and Analysis Centre (AUSTRAC), is tightening up surveillance on cryptocurrency exchanges as sophisticated criminals leverage digital currencies to send money internationally. According to the ABC Radio Program broadcast on October 9, 2018, cryptocurrency exchanges in Australia are being investigated since global risks concerning money laundering, terror financing, and cybercrime are becoming increasingly large…

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Australia Keen to Pass Bill to Undermine the Blockchain Community

Category: Blockchain, Business, News, Regulation

Australia Keen to Pass Bill to Undermine the Blockchain Community

The Australian government has proposed an “Assistance and Access” bill that will provide them with greater surveillance powers such as the ability to gain backdoor access to any encrypted messages. According to Forbes, if the surveillance bill becomes a law, it could be a new standard for other countries in the world, which could cause extreme problems and implications for…

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$50,000 Bitcoin ATM Scam Surfaces in Australia

Category: Bitcoin, Business, Finance, News, Platform, Tech

$50,000 Bitcoin ATM Scam Surfaces in Australia

In Melbourne’s West, scammers posing as debt collectors conned victims to deposit over $50,000 into a Bitcoin ATM. According to The Sydney Morning Herald’s article published on October 5, 2018, the four victims who were believed to be migrants, were threatened with an arrest if they failed to pay the total amount. Victims Deposit Funds Into Bitcoin ATM According to…

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New Zealand: Crypto Exchange Cryptopia Doubles its 1 Million User Base in Less Than a Year

Category: Bitcoin, Business, Exchange, Finance, News, Platform, Tech

New Zealand: Crypto Exchange Cryptopia Doubles its 1 Million User Base in Less Than a Year

Cryptopia, the host of the world’s largest range of cryptocurrencies, has increased its worldwide user base by 116 percent since December 2017, and is now counting more than 2 million users, the company announced in a press release on October 4, 2018.  Cryptopia Accelerates International Growth by More Than 100 Percent Despite gloom predictions about the future of the market,…

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Melbourne ICO/IPO Hybrid Assures Investors via Australian SEC Regulation

Category: Altcoins, Business, Finance, Investment, News, Regulation

Melbourne ICO/IPO Hybrid Assures Investors via Australian SEC Regulation

On September 26, 2018, Melbourne startup Konkrete Distributed Registries announced an ICO for its property tokenization platform according to The Australian Financial Review. What’s significant is the timing as the announcement was made in a market where cryptocurrencies’ value is in the slumps, coupled with heightened regulatory pressure from various countries around the world. Konkrete Platform Goals The platform has…

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Fake Honey Scandal Shows Blockchain’s Value in Food Tracking

Category: Adoption, Blockchain, Business, Crime, Regulation

Fake Honey Scandal Shows Blockchain’s Value in Food Tracking

Australia is grappling with a fake honey scandal. A number of companies claiming to be selling pure honey have allegedly been mixing in other types of sweeteners such as corn syrup. In a report released by Australian media houses Fairfax and ABC media, 28 honey brands were tested by a German lab. Bremen-based Quality Services International (QSI) was tasked by…

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Australian Crypto Exchanges Looking to Introduce more Regulation to Trading in Digital Assets

Category: Altcoins, Bitcoin, Business, Commentary, Exchange, Finance, Investment, News, Regulation

Australian Crypto Exchanges Looking to Introduce more Regulation to Trading in Digital Assets

With prices falling and the assets straddling the lines between new technology and traditional finance, 2018 has been a difficult year for the crypto market. Business Insider spoke with senior staff from two of the most significant Australian crypto exchanges and with the corporate regulator ASIC on September 13, 2018, to find out more about the challenges the industry faces….

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KuCoin Invests $3 Million in Aussie Crypto Exchange Bitcoin Australia to Expand its Market Down under

Category: News

KuCoin Invests $3 Million in Aussie Crypto Exchange Bitcoin Australia to Expand its  Market Down under

Singaporean cryptocurrency exchange, KuCoin is set to enter the Australian waters as it looks to expand its operations down under. Per a report by The Australian Financial Review on September 9, 2018, KuCoin has made an investment of $3 million in the Aussie exchange Bitcoin Australia. Along with this, the two have entered into a joint venture to scale up…

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