Australia Watchdog Fines X
The Australian watchdog for Internet security has fined the social network X, which has been owned by billionaire Elon Musk since October last year.
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Mastercard Reports on Wrapped CBDC Solution Success
Mastercard has participated in the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre’s (DFCRC) central bank digital currency (CBDC) pilot project, showing positive results.
Australia Plans to Regulate Digital Payment Services
The Australian government has officially announced plans to introduce new legislation that will give the Reserve Bank of Australia the authority to carry out activities to regulate digital payment services, including providers of virtual wallets.
Swyftx Earn and Learn Platform Pays Aussies for Crypto Education
Australian crypto exchange Swyftx is going to reward customers learning about crypto scams through a new “Earn and Learn” education platform
FinTech Startup Yeeld Partners With Airwallex to Accelerate Global Payments
Fintech startup Yeeld announced the beginning of cooperation with the financial company Airwallex in order to accelerate global payment operations and other transactions for customers.
Amazon’s Robot Workers to Manage Warehouse in Australia
The Australian branch of Amazon plans to move to the largest warehouse in this country.
Westpac Splits Consumer and Business Banking Unit
The combined Westpac business unit is going to be split into two, each with its own CEO
Australian Firm Facilitate Corp Sues Twitter
An Australian company that carries out project management activities has filed a lawsuit against Twitter in a US court.
Australia Threatens to Fine Twitter
The Australian cybersecurity regulator turned to Twitter, the current owner of which is billionaire Elon Musk, with a request to provide an explanation of the concept of this digital platform to combat the spread of materials that promote hate speech in the virtual space.
Australian Bank Limits Transfers to Crypto Exchanges
Commonwealth Bank (CBA), the largest bank in Australia, would decline or put “certain payments to cryptocurrency exchanges” on a 24-hour hold, and limit crypto transfers
Australia Wants to End Check Payments
In Australia, the era of paper checks is gradually coming to an end.
Kasisto Introduces Banking-Specific LLM KAI-GPT
The KAI-GPT large language model (LLM) is designed to address the banking industry’s unique needs for accuracy, transparency, trustworthiness and customization
FinTech Australia and FDATA Call For CDR Roadmap
The leading Australian peak body of the fintech industry, FinTech Australia, and the global non-profit organization supporting open banking companies, FDATA, have published a joint appeal addressed to politicians calling for the creation of a roadmap for the implementation of consumer data rights (CDR).
Reserve Bank of Australia Tests CBDC Use Cases in Pilot
In Australia, the Reserve Bank, in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), demonstrated the potential use cases and economic benefits of the central bank’s digital currency (CBDC).
Lululemon Adds Textile Recycling to Its Circularity Initiatives
Lululemon has directed a minority investment in the Australian waste recycling company Samsara Eco.
Westpac Bans Transfers to Binance
The Australian bank Westpac has blocked the possibility of financial operations for the transfer of funds to a division of Binance, which operates in Australia.
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