Bitcoin Grows in Australia Despite Coordinated Clampdown by Banks
While Bitcoin companies in Australia have been coming under increasing pressure from the country’s banking sector, bitcoin exchange volume has been chugging along seeing healthy growth amidst an “unregulated environment.” These last few years, the Bitcoin industry in Australia has seen an immense growth that has created a competitive landscape for....
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Despite only being introduced to cryptocurrencies in 2010, he has since founded the Bitcoin Association of Australia and a startup company, BitPOS, as well as organizing meetings for Bitcoin professionals in Sydney through his organization BitcoinSYD. Jason has an exciting future planned and CoinTelegraph caught up with him to discuss his plans as Australia warms up to Bitcoin. JW: I agree that Australia is late to developing Bitcoin infrastructure, however it’s a misnomer the first ATM has been installed just this month. In December last year I took delivery of the first Lamassu ATM in....
A bitcoin business in Australia is eyeing banking opportunities abroad following a perceived crackdown from banks in the country. The comments, made by Andrew Smith, the general manager of BuyaBitcoin follow on from reports that various Australian banks have decided to shut the accounts of some 17 bitcoin operating businesses. Smith confirmed that BuyaBitcoin - founded in 2014 - had "experienced bank closures in Australia recently". He told CoinDesk: "It's an Australia industry-wide issue. We are not in a position to comment on the specifics ... We are currently looking at opportunities....
The international R3 blockchain project to develop blockchain commercial applications and standards for the financial world just got a whole lot weightier as 13 new global banks joined the distributed or "shared" ledger initiative. R3, the international financial innovation firm, based in New York, London and San Francisco, is a multidisciplinary team including experts from the worlds of electronic banking, new tech startups, and cryptography and digital currencies development, aiming to "define, design and deliver the next generation of financial technology." The 13 new banks joining the....
Competition in the mobile payments industry is heating up all over the world, but things are getting particularly interesting in Australia. The National Australia Bank has launched a new mobile payment solution for Android users, which will be in direct competition with Apple’s concept. Furthermore, the country’s largest banks are planning to keep boycotting Apple Pay for the foreseeable future. Bitcoin is still the only global mobile payment solution. Australian Banks Do Not Like Apple Pay. Even though any form of mobile payment solution should be designed to benefit the consumer, several....
National Australia Bank and the Commonwealth Bank of Australia will be taking part in a joint project led by global financial innovation firm R3 to design protocols based on blockchain technology at the same time as the ACCC has begun investigating the banks for closing the accounts of Bitcoin businesses last month. Australia’s two of the largest banks, National Australia Bank and the Commonwealth Bank of Australia, will join R3, which includes 20 other major banking groups including HSBC and Citigroup, to explore the underlying technology of bitcoin and its uses to optimize and improve....