Coinbase must be cranking AC/DC, the Little River Band and Rick Springfield in the halls of its SF headquarters. Securing an Australian Financial Services License (AFSL) is a significant step toward expanding its global footprint, positioning itself ahead of new regulatory requirements that will soon apply to digital asset platforms in the land down under. The move effectively transitions Coinbase from a long-standing market participant into a fully regulated financial services provider within Australia. “The AFSL – granted ahead of incoming legislation that will require digital asset exchanges to hold one – provides us with the regulatory foundation to bring the Everything Exchange to Australia,” the company said in a…
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An Australian senator thinks blockchain can solve financial regulatory problems (Photo: Pixabay/Patty Jansen)Australian senator says use blockchain technology to ease financial regulatory burden
Sen. Andrew Bragg argues that blockchain can help make the Australian financial sector more competitive
Australian Sen. Andrew Bragg said blockchain "may well be the solution to one-touch government with international transactions in real-time. It will eliminate our time zone problem, which has been a problem for Australia over the long run… Blockchain technology can streamline regulatory processes, reduce fraud, and reduce costs to regulatory compliance and administration."
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The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)From privacy regulators to Walmart, Facebook’s Libra faces growing threats
The US, EU, Canada, and Australia demand data protection guarantees; Walmart patents its own cryptocurrency
In a joint statement on August 6, data protection regulators from the United States, United Kingdom, European Union, Canada, and Australia came head-on, issuing a joint statement slamming the Libra project and Facebook for failing to address the fledgling cryptocurrency’s privacy risks.
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Craig Wright eviscerates everything: The Modern Consensus interview
The man who could be Satoshi Nakamoto does a lot of swearing about socialism, Alexandria Ocasio Cortez, Trump’s wall, Steve Jobs turtlenecks, and why he can’t get into the US
A decade ago—on January 12, 2008—the first Bitcoin transaction went from “Satoshi Nakamoto” to Hal Finney. Those 10 years were an explosive time where an industry went from a shared PDF to a $500 billion marketplace and now back down to about $125 billion.
