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ANZ’s banking executive Nigel Dobson says the bank sees “real value” in tokenizing real-world assets on-chain like the Aussie dollar. Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink’s Cross-Chain Interoperability Protocol (CCIP): ANZ’s banking services portfolio lead Nigel Dobson said the transaction was a “milestone” moment for the bank in a Sept. 14 statement: “ANZ recently worked with Chainlink CCIP to complete a test transaction to simulate the purchase of a tokenised asset, facilitated using A$DC and an ANZ-issued NZ-dollar-denominated stablecoin.” Dobson said the firm has been experimenting with several networks — presumably to test out where the ANZ’s Australian dollar stablecoin can be best utilized: “We’re actively exploring the use of decentralised networks through a ‘test-and-learn’ approach,” the ANZ executive said. As Australia and New Zealand Ba...

Responsibility for crypto scams does not only belong to the cryptocurrency industry, it also involves banks, telecoms and social media platforms, Australian exchanges say. Cryptocurrency exchanges in Australia have been increasingly communicating with their users as part of preventative measures against scams. According to local crypto firms, such communication is the key to preventing scams as it is able to “break trust” between victims and scammers. Executives at major Australian crypto firms such as Cointree, CoinSpot and Swyftx met at a panel of the fintech conference Intersekt 2023 in Melbourne on Aug. 31 to discuss the issue of scams and fraud in crypto. At the panel, the executives mentioned a variety of measures taken by the platforms in order to protect their users from fraud, including automated and manual Anti-Money Laundering (AML) checks, investigations, education and communication. Cointree, CoinSpot, Swyftx and Chainalysis executives at Intersekt 2023. Source: Cointeleg...

The son of a former Australia n politician has been charged with running a dark web crypto -for- drugs operation. Police claim that over a period of six years, 37-year-old Mark Chikarovski, son of Kerry Chikarovski, a former New South Wales Liberal leader, took thousands of orders for illicit substances, including MDMA, meth, and cocaine. When police arrested Chikarovski at his Bondi apartment on Thursday, he was reportedly wearing gloves and was in the middle of preparing drugs for postage. When authorities searched his property, they discovered roughly $269,000 worth of crypto , $30,000 in cash, computers, drugs, and two Porsche SUVs. Police have charged the son of former New South Wales Liberal leader Kerry Chikarovski with supplying drugs on the dark web. 37-year-old Mark Chikarovski was arrested yesterday. Detectives raided two homes at Bondi Junction and Vaucluse. https://t.co/TWh1KQgBAw #7NEWS pic.twitter.com/iXiNdTx1gR — 7NEWS Sydney (@7NewsSydney) May 19, 2023 Th...

The IRCI report states that Australians still believe in Bitcoin and that the boomer demographic is growing in conviction. Bitcoin (BTC) has topped the crypto charts in a survey from down under. According to 2,000 Australians surveyed by the Independent Reserve Cryptocurrency Index (IRCI), Bitcoin is number one for brand recognition, ownership and overall sentiment.  Bitcoin with the most brand awareness, and by a long shot. https://t.co/LqhYPXe3p8 — Stephan Livera (@stephanlivera) November 28, 2022 In the report, while 92% of Australians have heard of cryptocurrencies, Bitcoin enjoys the highest levels of brand awareness. Accordingly, 90.80% of respondents had heard about Bitcoin. Stephan Livera, a popular Bitcoin podcaster from Australia, shed light on the figures. Livera told Cointelegraph, “Bitcoin continues to grow in brand awareness because it was first and because it was truly the zero to one moment akin to discovering fire or inventing the printing press.” “Bitcoin also has...