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Australia’s First Spot Bitcoin ETF Under New Regulations In an official announcement on July 14, Monochrome Asset Management said its partner, Vasco Trustees filed an updated application for the Monochrome Bitcoin ETF (IBTC) with the Australia n Securities Exchange (ASX). advertisement Monochrome’s partner Vasco has an Australian Financial Services Licence to offer retain investors direct and regulated exposure to crypto-assets Bitcoin (BTC) and Ethereum (ETH). The Monochrome Bitcoin ETF and the Monochrome Ethereum ETF are the two managed ETF investment products. “In an Australian first, IBTC is a way for retail investors to own bitcoin in a single regulated structure that gives them an absolute entitlement to their underlying bitcoin.” Monochrome CEO Jeff Yew took to Twitter to reveal that Australia has joined the spot Bitcoin ETF race. He added, “Through a Bitcoin ETF, it makes it possible for them to buy and use the asset class ...

One of Australia’s Big Four banks announced efforts to combat crypto fraud activities aimed at reducing losses from scams. Westpac, one of Australia’s ’Big Four’ banks, is launching its first trial of scam protection measures designed to combat fraudulent activities related to cryptocurrencies. The protection measures aim to mitigate losses from scams and reduce potential risks. According to the announcement, investment scams account for approximately 50% of all customer losses linked to scams, while around one-third of all scams involve direct transfers to cryptocurrency exchanges, making them extremely difficult to trace. The Westpac ban comes on the same day Binance customers were told they could no longer use PayID to transfer Australian dollars to their accounts. Binance said a “third-party provider” had placed restrictions on the exchange, affecting bank transfer withdrawals for now. According to Scott Collary — Westpac’s group executive of customer services and technology — whi...

Australia and New Zealand Banking Group Limited has tied up Grollo Carbon Ventures. Together, they successfully traded Australian Carbon Credit Units (ACCUs), making it a landmark achievement in Australia’s CBDC pilot run. According to the official statement, “This marks the completion of the Bank’s first use-case as part of the Central Bank Digital Currency (CBDC) pilot run by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC).” #cryptonews: Australia and New Zealand Banking Group (ANZ) has completed its use case in the pilot project run by the Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre using central bank digital currency (#CBDC). — CoinMarketCap (@CoinMarketCap) April 6, 2023 Notably, the DFCRC is a multi-million dollar program and is funded by various universities, partners, and the Australia n Government. Also Read: Why Is Australia’s ANZ Halting Fiat Deposits & Withdrawals? Tokenization ...