Search Results for: Australia
Australian Banks Close Bitcoin Exchange Accounts
October 7th, 2015
Banks and businesses in Australia are shunning virtual currency Bitcoin. Thirteen leading banks have simultaneously frozen or closed Bitcoin exchange current accounts effectively closing off the banking system to users of the currency. Businesses have also turned their backs ...
Reserve Bank of Australia (RBA) Monetary Policy Decision
October 6th, 2015
Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some further softening in ...
Bitcoin flounders in Australia as regulatory worries bite
October 5th, 2015
Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency‘s mainstream appeal is fading. Concerns about bitcoin’s potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australian banks’ move last ...
ASIC reports on Australian Financial Services and other licensing activity
September 24th, 2015
The Australian Securities & Investment Commission has issued today its second report in relation on its approach to license activity and applications. Report 448 Overview of licensing and professional registration applications: January to June 2015 (REP 448) sets out ...
Private equity firm EMR teams up to buy Australian copper miner
September 21st, 2015
Private equity firm EMR Capital has teamed up with the former head of Equinox Minerals to buy a small Australian copper mine for up to A$15 million ($10.75 million) plus taking on about A$40 million in rehabilitation bond costs, ...
Interactive Data Expands Connectivity through Australian Liquidity Centre and Australian Securities
September 10th, 2015
Exchange 24 ITCH Feed Enhancing global opportunities for Interactive Data clients Interactive Data, a leading trusted provider of information for over 10 million financial instruments, today announced that has added access to the Australian Securities Exchange’s Australian Liquidity Centre ...
ASIC Australia bans a broker and a former financial adviser from providing financial services
September 8th, 2015
The Australian Securities & Investments Commission (ASIC), has issued a press release to inform in relation to its decision to ban broker Mr. Raghwa Nand Prasad from providing financial services and from engaging in credit activities for four years ...
ASIC cancels Financial Broking Consultants’ Australian Credit Licence
August 28th, 2015
ASIC has cancelled the Australian credit licence of Financial Broking Consultants Pty Ltd (ACN 116 632 743) (Financial Broking Consultants). Financial Broking Consultants was a finance broking business organising home, vehicle and low doc loans for consumers in the ...
Share trading accounts at some Australia’s largest brokers have been hacked
August 5th, 2015
Russian hackers have been detected trying to rip cash from online share trading accounts at some of Australia’s biggest brokers, including Morgan Stanley and Commsec. A joint operation by the corporate watchdog ASIC and the Australian Federal Police, dubbed ...
Australia pushes to recognize bitcoin as regular currency
August 5th, 2015
The Australian government on Tuesday suggested treating bitcoin and other digital currencies on a par with standard money in the country. The move comes in contrast to an earlier position towards digital currencies as “intangible assets.” “The committee is ...
