Tag: Australia

August 26, 2019 BY Valentina Kirilova

ASX to work with Digital Asset and VMware on DLT initiatives in Australia and New Zealand

The Australian Securities Exchange (ASX) announced today that it has teamed up with distributed ledger technology (DLT) specialist Digital Asset (DA) and VMware. The exchange has signed a three-party memorandum of understanding (MoU) to work together with the other two companies on DLT initiatives in Australia and New Zealand. This will include the development of…

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smartTrade increases presence in Australia, strengthens partnership with NAB
July 31, 2019 BY Valentina Kirilova

Clearstream completes Ausmaq Limited acquisition

Clearstream has today completed the acquisition of Ausmaq Limited from National Australia Bank (NAB). LeapRate reminds that the company reached an agreement with NAB to acquire its Sydney-based specialist managed funds services business Ausmaq Limited back in May this year. Clearstream's expansion to the Australian funds market and the future set-up of Ausmaq will be…

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ASIC office
June 18, 2019 BY Valentina Kirilova

AFCA Rules change for legacy complaints approved by ASIC

Australian regulator ASIC informed today that it has approved changes to the Australian Financial Complaints Authority (AFCA) Rules which give effect to the AFCA authorisation condition introduced by Government on 19 February 2019. The Government requires AFCA to give expanded access to the AFCA scheme for consumers and small businesses that were harmed by financial…

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September 25, 2018 BY Mariela Naydenova

Australia shuts down fake ICOs

ICOs have been very popular with investors and even teenagers. Youtube videos now teach people how they can create an initial coin offering of their own. And while some say they will surpass the IPO market at some point, some countries are still on the "watch-out" for this type of fundraising. One recent example is…

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australia exchange
August 09, 2018 BY Mariela Naydenova

Australia with the first cryptocurrency bank

Banks and financial institutions are all over the place with cryptocurrencies: they "love" them, they "hate" them. And while blockchain is sweeping the floor with new applications in hundreds of industries and companies, the future of cryptocurrencies is yet unclear. One surprising rumour right now is that the first cryptocurrency bank is going to open…

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July 23, 2018 BY Mariela Naydenova

“Burning” your tokens if your ICO doesn’t go well

ICOs are said to surpass the volume of IPOs in the future. Initial coin offerings are literally booming around the world, where even Youtube uploads education videos on how to create your own ICO. Many companies try to raise money by issuing tokens in several rounds and fund their business. What happens, however, when your…

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October 16, 2017 BY Mariela Naydenova

Australia up for Bitcoin regulation

Bitcoin has become a global phenomenon, presenting opportunities and threats along the way all around the world. Regulators, CEOs, central banks and cryptocurrency startups are on the lookout for the next big news on bitcoin. Australia is the next "player" to impose bitcoin regulation, following a scandal with its biggest bank - Commonwealth Bank of…

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