Tags: Commonwealth Bank of Australia

ANZ’s banking executive Nigel Dobson says the bank sees “real value” in tokenizing real-world assets on-chain like the Aussie dollar.

Ben Rose is hopeful that Binance Australia’s banking woes will be relieved by positive regulation in the future.

The new partnership offers investors extra choice and “mitigates the risks” of Australian crypto banking blocks, said Independent Reserve CEO Adrian Przelozny.

Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate.

During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions on payments to local crypto exchanges.

While young Australians are more interested in crypto, it’s the 25 to 49 year-olds who own the most.

The move comes as Australians continue to reduce their usage of cash and bank branches, but has sparked fears that the death of cash is near.

This marks the second "Big 4" bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy.