Crypto / Digital Assets

Australia Launches Three Year Digital Money Roadmap

19/09/2024

The RBA has decided to prioritise the development of wholesale CBDC rather than retail CBDC. Next month it will launch a “public phase” of its wholesale CBDC project.

AML / KYC

AUSTRAC Encouraging Flexibility for Customers Without Standard ID

19/09/2024

AUSTRAC clarifies that alternative identification procedures are encouraged when customers cannot easily obtain or access standard forms of ID.

Fintech / Regtech

Global Data Sharing Standards Needed to Combat Financial Crime

18/09/2024

The GCFFC has published a paper calling for the development of legal pathways for cross-border data sharing for the purpose of combatting financial crime.

Australia Consults on Streamlined Investment Process for Major Projects

18/09/2024

The so-called ‘Front Door’ initiative aims to make it simpler and quicker for investment capital to flow into “major, transformational projects” in the country.

Australia to Proceed With Changes to Tax Agent Code of Conduct

18/09/2024

The government has agreed to revise some of the amendments to the code in response to a lobbying effort from the industry.

Crypto / Digital Assets

FTX Founder Files Appeal Against Fraud Conviction

18/09/2024

Sam Bankman-Fried’s lawyers argue that the judge in the case undermined the defence and blocked evidence from being shown in court.

Market Infrastructure

Australian Lawmakers Fail to Agree on Reforms to RBA

18/09/2024

Treasurer Jim Chalmers has been trying to gain support for a bill to reform the RBA’s governance structure, but negotiations in the House have now ceased.

Crypto / Digital Assets

Switzerland’s SIX Explores Launching Crypto Exchange

18/09/2024

The platform is expected to cater to the growing institutional interest in the crypto space, rather than retail investors.

Securities / Derivatives

US Move to T+1 Settlement Cycle Declared a Success

17/09/2024

Despite earlier fears, SIFMA, ICI and DTCC said there was no increase in failed trades, operational glitches or FX settlement issues following the transition.