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Australia’s Biggest Bank Trials Blockchain-Based ‘Smart Money’ for Disability Insurance

The Commonwealth Bank of Australia (CBA) and government-run digital innovation center Data61 have released the results of their trial for a blockchain-powered “smart money” system for Australia’s National Disability Insurance Scheme (NDIS). The development was reported by local financial and business news platform Business Insider Australia today, Nov. 13.Data61 is a digital innovation hub that […]
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Reserve Bank of Australia Official ‘Not Convinced’ of Need for Digital Dollar

The Reserve Bank of Australia (RBA) assistant governor Michelle Bullock said that the bank has not been convinced of the need to create a digital Australian dollar, local business and finance news outlet The Australian Financial Review reported Oct. 24.Speaking at the Sibos 2018 banking and financial conference in Sydney, Bullock reportedly said that she […]
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Australian Regulator Hints at Increased Crypto Exchange and ICO Scrutiny

Australian regulator the Australian Securities and Investments Commission (ASIC) has revealed plans to increase scrutiny of cryptocurrency exchanges and Initial Coin Offerings (ICO) in its ‘Corporate Plan’ published this week.ASIC, which acts as a supervisory organ for financial market operators, highlighted the exchange sector as an area of priority through 2022.Specifically, the body plans to […]
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World Bank and Australia’s Largest Bank Issue First Global Blockchain Bond

The World Bank and Australia’s largest bank, the Commonwealth Bank of Australia, have issued a public bond exclusively through the blockchain. The $100 million AUD ($73.16 million USD) deal is made up of two-year bonds. It expected to settle by August 28, 2018 and yield a 2.25 percent return.The prototype bond, dubbed “Bond-i” (Blockchain Operated […]
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World Bank and Australia’s Largest Bank Issue Bond Exclusively Through Blockchain

The World Bank and the Commonwealth Bank of Australia (CBA), the country’s largest bank, have issued a public bond exclusively through blockchain technology, Reuters reports August 23. The World’s Bank official mandate for the project was first unveiled August 10. The A$100 million ($73.16 million) deal entails two-year bonds that will settle August 28 and […]
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World Bank Unpacks Launch of ‘BONDI’ Bond With Australia’s CBA

It’s been close to 10 years since Bitcoin came into existence, and in that time, major financial institutions have slowly come to grips with blockchain technology and cryptocurrencies. Some have taken to the industry quicker than others, and some have outright turned their backs on the thought of using or investing in cryptocurrencies. However, the […]
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