Proposed Australian exchange licensing could stifle competition: Kraken
Kraken Australia’s Managing Director is concerned that a proposed new licensing regime for crypto exchanges could collapse the vibrancy of the industry down under. With crypto regulation reportedly set to ramp up in Australia over the next 12 months, Kraken Australia’s Managing Director Jonathon Miller thinks that a strict crypto regime could stifle local competition. The Senate Committee on Australia as a Technology and Financial Center, led by crypto-friendly Senator Andrew Bragg tabled 12 extensive recommendations for regulation of the digital asset and Fintech industry last month. The....
Related News
If you had $1 million to invest in Bitcoin and Ethereum, how would you buy, and why? This is the premise behind a new case study competition from Kraken, who partnered with The Economist to launch the program. Kraken, a leading bitcoin exchange, has launched a new competition aimed at students, challenging them to create digital asset investment....
The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is that Meta is responsible for these ads that it publishes on its platform.”
Meta Sued for Publishing Cryptocurrency Scam Ads
The Australian Competition & Consumer Commission (ACCC) announced Friday that it has taken legal action against Meta Platforms Inc. (formerly Facebook) and Meta Platforms Ireland Ltd.
....
While it may seem clear to the general public there was no collusion effort by the investigated banks; the Bitcoin community still feels there is a lot more to this story than meets the eye. Even though there are plenty of financial institutions who have taken a keen interest in the development of blockchain technology, some Australian banks were taking a slightly different approach. By actively blocking fiat currency withdrawals from Bitcoin exchanges, rumors of possible collusion started popping up. After an investigation by the Australian Competition and Consumer Commission – or ACCC in....
A report published by the cryptocurrency exchange Kraken shows that two-fifths of Australian millennials prefer to invest in cryptocurrency assets over real estate. The survey shows that a number of Australians are losing faith in traditional assets like gold, stocks, and real estate. Kraken’s Australia Managing Director: ‘Young Aussies Look for Other Options to Grow Wealth’ A survey conducted by the San Francisco crypto exchange Kraken indicates that 40% of millennials believe investing in digital assets like bitcoin (BTC) will end up turning into long-term gains. In....
An Australian Senator has requested the country's competition overseer to start an inquiry into the banks' recent crackdown on Bitcoin companies. Senator Matthew Canavan, who was also part of the recent Senate Committee studying Bitcoin technology, doubted the coordinated approach of banks while shutting down the accounts of around 17 Bitcoin companies. He further implied that the banks are taking an unethical route to clamp down potentially competitive companies. "The actions by the banks," he wrote, "would appear to directly engage competition in the financial services industry as it....