Commonwealth Bank of Australia has started declining or holding for 24 hours certain payments to cryptocurrency exchanges. Within months, the bank will also begin limiting customer payments to exchanges for cryptocurrency purchases to 10,000 Australian dollars (about $6,700) in a calendar month, Commonwealth Bank said in a Thursday...
The 800-pound gorilla in any conversation about crypto regulation this week was the $45 billion de-pegging and collapse of the TerraUSD stablecoin. The G-7 is preparing to call on the international Financial Stability Board (FSB) to push harder for the creation and passage of a...
The Commonwealth Bank of Australia (CBA) picked up a 20% stake in FinTech Paypa Plane as part of a partnership agreement to help Aussie businesses transition to PayTo, a new digital tool from the New Payments Platform (NPP). Launched in 2018, NPP is Australia’s open-access...
Australia’s banking watchdog is taking a closer look into the decision by the Commonwealth Bank of Australia (CBA), the country’s largest lender, to move into crypto trading, according to Reuters and other media outlets. CBA, an Australian multinational bank with businesses across New Zealand, Asia,...
April 12, 2019
It’s not exactly Bogie and Bacall, or Kim and Kanye — at least not yet. But FinTechs and financial institutions are increasingly crafting partnerships designed to help them both thrive in this global world of digital payment and commerce. The stakes are too high to turn away from at least the prospect of such relationships, not […]
March 11, 2024
The head of Australia’s Commonwealth Bank says Apple’s in-country payments operations need greater oversight. “They should be subjected to a lot more scrutiny in Australia,” said Matt Comyn, whose comments at a conference in Sydney Monday (March 11) were reported by Bloomberg News. The Bloomberg report notes that this is an ongoing crusade for Comyn, who has advocated for greater competition and […]
June 08, 2023
Commonwealth Bank of Australia has started declining or holding for 24 hours certain payments to cryptocurrency exchanges. Within months, the bank will also begin limiting customer payments to exchanges for cryptocurrency purchases to...
February 07, 2022
The Commonwealth Bank of Australia (CBA) picked up a 20% stake in FinTech Paypa Plane as part of a partnership agreement to help Aussie businesses transition to PayTo, a new...
November 05, 2021
Australia’s banking watchdog is taking a closer look into the decision by the Commonwealth Bank of Australia (CBA), the country’s largest lender, to move into crypto trading, according to Reuters...
