Australia's national digital ID system to revolutionise identity verification, streamline processes and enhance security.
July 27, 2023A new licensing framework will be introduced, including for payment stablecoin issuers. RBA will explore fast payment links with other jurisdictions.
June 9, 2023Funding is provided to AUSTRAC, the Attorney-General’s Department, ASIC, the ACCC, and the launch of an SMS Sender ID Registry.
May 10, 2023A survey of FIs found that some GBA transactions are still processed manually. Other challenges relate to differing messaging formats, regulatory requirements and investment quotas.
March 16, 2023New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.
December 8, 2022An app will be used to embed blockchain-powered digital IDs into mobile devices. Government officials will not have access to stored data.
October 20, 2022European banks and tech firms will show how payments and EU digital ID wallets can be combined across borders and in multiple currencies.
September 22, 2022Bulk LEI issuance by corporate registries would enhance the efficiency and reliability of data collection and reduce the per-company cost of applying for an LEI.
June 26, 2022The BOT is planning to also introduce sandboxes in the virtual banking and digital assets space, the relevant regulations are in place.
June 2, 2022Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
May 28, 2022