‘Buy now pay later’ firm Zip plans to offer crypto trading in Australia and t...
“We know our younger generation of customers seek additional products and services that are relevant to them,” said Zip co-founder Peter Gray. Australian 'buy now pay later' (BNPL) firm Zip is looking to enter the crypto market by offering trading services to users within the next 12 months. Zip co-founder Peter Gray told Reuters on July 22 that expanding support for crypto trading services and providing a digital wallet was one of top requests from its clients. The co-founder kept his cards close to his chest however and didn’t outlay a specific roadmap or timetable to get there. “We know....
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The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the non-fungible space. A Dune analytics platform user has found that more than $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) Nonfungible tokens (NFTs) have been marked as stolen or flagged for suspicious activity on Opensea to date. According to data from Dune, a user known as “Beetle” discovered that 130 BAYC and 268 MAYC NFTs were reported for suspicious activity, alongside 153 Azuki’s, 202 CloneX and 70 Moonbirds.The total....
Australia intends to do a virtual stocktake of cryptocurrency assets held by its citizens, the new executive power in Canberra announced this week. The move is viewed as an indication that the center-left government plans to regulate the country’s crypto space.
Treasury Embarks on ‘Token Mapping’ to Underpin Crypto Regulation in Australia
As part of efforts to adopt rules for the cryptocurrency sector, Australia’s Treasurer Jim Chalmers unveiled on Monday that his department is preparing to conduct “token mapping,” Reuters reported....
Australia plans on reviewing how cryptocurrency assets are managed this year by undertaking “token mapping” which has never been done before. The Labour government of Australia will be carrying out the process this year itself. This will be in order to keep the practices up to date and also safeguard customers. “Token Mapping” is a […]
Treasurer Scott Morrison saw the value in the proposition of removing GST on Bitcoin, as well as easing up on crowdfunding restrictions. But that is not all, as tax barriers for VC investors will be reduced, and a new regulatory framework will be established for Fintech startups over the coming months. Taking this “develop first and worry about regulatory compliance later” approach will create a more lenient ecosystem for startups and entrepreneurs in Australia. Australia and Bitcoin have not had a particularly happy marriage up until this point, as there has been a lot of friction....
The CBA stated that it will support 10 crypto assets in its banking app, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin. The Commonwealth Bank of Australia (CBA) is set to launch crypto trading services for the 6.5 million users of its CommBank app. The CBA will become the first bank in Australia to support crypto, and Blockchain Australia says it is “inevitable” that the other ‘big four’ banks including National Australia Bank (NAB), Australia and New Zealand Banking Group (ANZ) and Westpac will soon follow suit. According to a Nov. 3 announcement, the CBA has partnered with the....