Banks Are Finally Openly Fighting Bitcoin In Australia And USA
Michaela Juric, aka Bitcoin Babe, an Australian based Bitcoin trader, has seen one of her bank accounts abruptly shut down after she sold around 10,000 USD of Bitcoin, on claims of fraud from the bank. She has started a petition calling for ACCC action of control over banks’ actions in regard to Bitcoin. This is only one of the latest of several events that are affecting small Bitcoin traders and miners all around the world, and the situation is expected to worsen day by day, while governments and banks try to squeeze Bitcoin out of their countries. But do not despair: as Mahatma Gandhi....
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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....
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....
Two of Australia's 'big four' banks, Westpac Banking Corporation and the Australia and New Zealand Banking Group, are experimenting with peer-to-peer transfers on the Ripple protocol. The news, revealed by The Australian Financial Review, follows last month's announcement that the Commonwealth Bank of Australia (CBA) - another 'big four' rival - is trialling the tech for transfers between its subsidiaries. At the time, CBA's chief information officer David Whiteing described distributed protocols as
Rod Sims, chairman of ACCC, is considering to investigate the anti-competitive behaviour which is shown by most major banks of Australia when it comes to bitcoin companies, the Australia Financial Review reports. Rod Sims, the chairman of the Australia Competition and Consumer Commission, is considering initiating an investigation into the matter of Australia banks taking the action of shutting down accounts of local bitcoin operators. Sims is pondering over the decision after being contacted by Matthew Canavan, a Queensland Nationals Senator. Senator Matthey Canavan was a part of the....