2 years ago
The Commonwealth Bank of Australia's caller aviator to let users of its banking app to clasp and usage crypto has been slowed down by the country's fiscal work regulator, according to a report connected Wednesday.
Australian Securities and Investments Commission (ASIC) is wrangling the slope implicit the merchandise disclosure statement, the people marketplace for the merchandise and user protection, sources acquainted with the process told the Australian Financial Review.
"There are a clump of rules - that you request to follow," ASIC commissioner Cathie Armour precocious said astatine The Australian Financial Review Cryptocurrency Summit talking astir ASIC's regulatory regime, according to the report.
In November last year, the slope announced it would connection crypto services to customers, which would person made it the archetypal slope successful Australia to bash so.
The slope partnered with crypto speech Gemini and quality steadfast Chainalysis to connection a crypto speech and custody service. Customers volition person entree to 10 integer assets, including bitcoin and ether.
Australia is the world’s third-largest adopter of crypto, a survey conducted successful October 2021 found.
The Commonwealth Bank of Australia and ASIC were not instantly disposable to remark erstwhile contacted by CoinDesk.
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Camomile Shumba is simply a CoinDesk quality newsman based successful the UK. She antecedently worked arsenic an intern for Business Insider and Bloomberg News. She does not presently clasp worth successful immoderate integer currencies oregon projects.
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