Category Archives: Fintech Back

“INNOVATION WILL FLOURISH” IN THE DIGITAL CURRENCY SECTOR AS ANTI-LAUNDERING LAWS PASS

The passage of anti-money laundering legislation through Parliament on Thursday will facilitate further growth in Australia’s local blockchain and digital currency industry, according to local fintech leaders.  The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017 will extend anti-money laundering and counter-terrorism financing regulation to digital currency exchanges. The legislation requires these exchanges to monitor … Read more

Down in ‘crypto valley’: Is the Swiss town of Zug blockchain paradise, or just a “bit half-baked”?

With startupland currently inundated with hype around initial coin offerings, Bitcoin forks, and disruptive new blockchain companies, one startup veteran says the Swiss town of Zug — recently coined as ‘crypto valley’ — might not be all it’s cracked up to be. Zug is the home of the foundation behind second-largest cryptocurrency Ethereum, which can be thanked … Read more

Why the RBA would want to create a digital Australian dollar

The Reserve Bank of Australia could join the likes of Estonia and Lebanon in creating a cryptocurrency based on the Australian dollar, to reap the benefits of technology like the blockchain but with more stability than other well known currencies like Bitcoin. The RBA has already been approached by interested startups to create this new digital currency, known as … Read more

Aussie fintech startups boast 200% revenue growth, but there’s still work to be done on diversity and collaboration

The second ever census of Australian fintech startups has shone a spotlight on the industry’s rapid growth and significant investment but the report reveals gender equality in the sector is still a ways off. FinTech Australia released the findings of its annual census at the Intersekt Collab/Collide summit in Melbourne this morning. The report, which was … Read more

Australian fintech startup HCash just revealed it raised $53 million through an ICO in July

Initial coin offerings (ICOs) are polarising the business world at the moment, but one Australian company has made hay while the sun shines, raising 21,000 Bitcoins worth of capital. Blockchain security startup HCash, which is developing its technology in conjunction with Melbourne’s Monash University, has revealed to Business Insider that the round closed on July … Read more