Tagged: reserve bank of australia

Reserve Bank of Australia Governor Says Facebook’s Libra Coin Some Distance from Full Implementation on Compliance Side

Reserve Bank of Australia chief Philip Lowe told participants in a Q&A session June 20th that he does not expect Facebook’s new Libra cryptocurrency network to be fully implemented any time soon. “There’s a lot of water under the bridge before Facebook’s proposal becomes something… Read More

After $700 000 in Research, Australian Digital Transformation Agency Determines Blockchain Not Yet Outperforming Existing Technology

After spending $700 000 Australian dollars investigating the industrial potential of blockchain, Australia’s Digital Transformation Agency (DTA) has determined that current versions of the tech are “interesting” but in no way better than other systems, ZDNet reports. DTA Chief Digital Officer Peter Alexander reportedly told Senate… Read More

FinTech Australia Points to Strengths & Opportunities as Outlined in Two Recent Reports

FinTech Australia is out with a statement saying that two recent independent reports bode well for the underlying strength of Australia’s Fintech industry and further opportunities for growth. Earlier this week, the Reserve Bank of Australia released a discussion paper on consumer payment methods.  On… Read More

Here is the Report from the Reserve Bank of Australia on Payments

The Reserve Bank of Australia is out with a discussion paper on the current environment for payments in Australia. The Consumer Payments Survey (CPS), which takes place every three years, recorded information on around 17,000 day-to-day payments made by over 1,500 participants during a week…. Read More

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