Blockchain Association of Australia calls on banks to re-engage with exchanges
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Blockchain Association of Australia calls on banks to re-engage with exchanges Australian authorities are tightening control over the digital currency market. The central bank in March began asking banking institutions for information about customers and their accounts, which are used to replenish bitcoin exchanges and withdraw funds. Recently, several Australian credit institutions have suspended their cooperation with virtual currency platforms. Banks motivated their decision by the risks of fraud and violation of anti-money laundering legislation. However, the Blockchain Association of Australia has strongly opposed such restrictions. The organization called on banks to resume serving customers investing in digital assets. Head
A public dispute has erupted between Kraken CEO David Ripley and the American Bankers Association (ABA) after a senior ABA executive claimed that allowing crypto exchanges to offer yield on stablecoin would harm traditional banks and their communities. In a recent statement, Brooke Ybarra, the ABA’s senior vice president of…
Regulatory expansion in Australia is emerging as a core pillar of Ripple AFSL strategy as the firm doubles down on licensed blockchain payments across Asia Pacific. Ripple moves to secure Australian Financial Services License On March 11, 2026, in Sydney, Ripple outlined plans to obtain an Australian Financial Services License…