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Blockchain technology is "more of an opportunity than a threat" and has the potential to dramatically reduce the costs of payments infrastructure, Brian Hartzer, CEO of Westpac Banking Corp., told the Sydney Morning Herald on Monday. "We are quite intrigued about the possibility of bringing real efficiencies into some of...
The Australian Competition and Consumer Commission (ACCC) has confirmed it will launch a formal investigation on the country's biggest banks for abruptly closing accounts of bitcoin companies and traders, reported the ABC. Queensland Nationals Senator Matthew Canavan, who sent a letter to the chairman of the ACC to warn the...