US crypto exchange wants a piece of the Aussie market
U.S.-based cryptocurrency exchange, CoinZoom, has announced it will enter Australia after its wholly owned subsidiary, CoinZoom Australia, gained approval from financial regulator AUSTRAC. CoinZoom anticipates its Australian platform will go live in the first quarter of 2019. The fiat to crypto exchange will support major cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Bitcoin Gold, Litecoin, Ripple, in addition to top traded altcoins. “Being fully registered with Australia’s regulatory financial oversight body AUSTRAC to operate as a Digital Currency Exchange, is an important step in our goal to provide globally compliant digital currency trading for both institutional and retail traders,” said CoinZoom CEO, Todd Crosland. To read more, please click on the link […]
Financial services urged to ‘Hayne-proof your business now’
Expertise automation platform, Open Orbit, is urging financial services firms not to wait until February, but to ‘Hayne-proof” their business immediately using new “expertise automation” (EA) technologies that could minimise impacts from the Royal Commission on customers, reputation, and costs. These technologies use AI and algorithmic guidance to optimise highly cognitive tasks that require thinking, reasoning, decision-making, understanding, and learning, in order to eliminate problematic, human-driven processes at half the cost and time of a consultant. Firms that use these now could quickly gain a competitive advantage compared to those who wait for the recommendations of the Commission before overhauling processes, according to Open Orbit. “When Commissioner Hayne hands down […]
How cryptocurrency is disrupting the global economy & the financial system
For the longest time now, cryptocurrency has been slowly rising and increasing its powers in the background. Though not a lot of people have been paying attention to it lately, it’s still going strong with no signs of stopping. Because of the technology behind it, cryptocurrency has the potential to be one of the biggest disruptors in the global business process. As for the financial sector, here are some of the ways cryptocurrency can change it. Fewer barriers to entry One of the best things about cryptocurrency is that just about everyone can get involved. There are little to no barriers to investing or trading cryptocurrency. And as more people […]
Australian FinTech partners with Digital Surge, Brisbane’s first Digital Currency Exchange Platform
Australian FinTech is excited to announce its official partnership with Digital Surge, Brisbane’s first digital currency exchange platform.
Australian Fintech heavyweight to launch institutional-grade security token exchange in Malta
Rick Klink the founder of Paritech and OpenMarkets, Australia’s largest independent trading platform by trading volume of over AUD50 billion per annum, heads up Malta Digital Exchange (MDX) and brings his ground-breaking technology to the digital asset space. The cryptocurrency and blockchain sector saw exponential growth in 2017, now a push towards regulation will provide trust and a safe environment for institutional investors, allowing them to participate in the global economy. Security tokens are the next generation of regulated securities, which are being built on blockchain-based infrastructure rather than being restricted to legacy systems. MDX aims to become the world’s premier security token exchange, which will enable greater market efficiency, […]
PlayChip digital currency exchange “PlayXchange” registered
The PlayChip Foundation has been registered as the first digital currency exchange in Australia with its own native token. Last week the PlayChip Foundation Ltd was registered to provide Digital Currency Exchange services by Australian regulatory body AUSTRAC. AUSTRAC, the Australian Transaction Reports and Analysis Centre, is Australia’s anti-money laundering and counter-terrorism financing regulator and financial intelligence unit. The registration is pursuant to subsection 76E(2) of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (AML/CTF Act Amendment Act 2017). The registration signals a huge step forward to the Foundation, which will operate a cryptocurrency exchange called the PlayXchange as part of a global payment solution to its more than […]
ASX gears up for fintech era as data foundation for financial services industry
The Australian Securities Exchange will push ahead with attempts to establish itself as a global technology pioneer, despite criticism of its governance, with its operations boss pledging to balance risk with the flexibility required to thrive in the fintech era of blockchain and artificial intelligence. Speaking to The Australian Financial Review following the release of a review by the Australian Securities and Investments Commission into its technology practices, ASX chief operating officer Tim Hogben said an ongoing technology improvement program was already bearing fruit and that the exchange was outpacing global peers in opening up its data for customers and startups. The ASIC report had originated from a costly outage in […]
Singapore crypto exchange KuCoin set to expand after $3m Bitcoin Australia deal
One of the world’s largest cryptocurrency exchanges, KuCoin, has invested in local exchange Bitcoin Australia and formed a new joint venture which will see the Singaporean exchange expand locally. The company has invested almost $3 million into Bitcoin Australia, which intends to use the funding to embark on its own aggressive international expansion, as well as to help KuCoin enter the local market. It has previously raised capital from Dominet Venture Partners. Bitcoin Australia chief executive Rupert Hackett told The Australian Financial Review the businesses had clear synergies, with KuCoin targeting sophisticated investors, while Bitcoin Australia aimed to make cryptocurrency trading possible for the mass market. Despite Bitcoin and other […]
