People and businesses tend to think of crypto in one of two ways. The first is that crypto and blockchain more broadly are transforming technologies that will reshape the financial and payments sectors. This view tends to be held by people and businesses that believe...
If Australia creates a digital currency, it will likely be the wholesale, not retail, variety. That’s according to a report issued Wednesday (Sept. 18) by the country’s central bank, arguing that “a clear public interest case” for issuing a retail central bank digital currency (CBDC) in Australia...
The Reserve Bank of Australia (RBA) plans to review the issue of surcharging in the buy now, pay later (BNPL) sector. This review comes as the RBA aims to expand its regulatory powers and assess whether payment sector reforms are necessary, SmartCompany reported Wednesday (June...
Paper money use is reportedly waning in Australia amid troubles at its top cash supplier. Linfox Armaguard, which moves 90% of cash to the country’s banks, ATMs and retailers, is fighting to stay afloat, Bloomberg News reported Sunday (June 2). The company’s uncertain fate has...
October 29, 2024
The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. BIS announced Tuesday (Oct. 29) it made this discovery when working on its Project Mandala, a collaboration with four central banks. “Mandala is pioneering the compliance-by-design approach to improve cross-border payments without compromising privacy or the integrity of […]
September 18, 2024
If Australia creates a digital currency, it will likely be the wholesale, not retail, variety. That’s according to a report issued Wednesday (Sept. 18) by the country’s central bank, arguing that “a...
June 20, 2024
The Reserve Bank of Australia (RBA) plans to review the issue of surcharging in the buy now, pay later (BNPL) sector. This review comes as the RBA aims to expand...
June 03, 2024
Paper money use is reportedly waning in Australia amid troubles at its top cash supplier. Linfox Armaguard, which moves 90% of cash to the country’s banks, ATMs and retailers, is...
