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Tim Swanson, the head of research of R3 CEV has unveiled that the firm's development team in London is currently developing an open-sourced, generic blockchain, which he said is expected to start operating within a year. Speaking to the Sydney Morning Herald, Swanson said that member banks of R3, the fintech...
The Commonwealth Bank of Australia (CBA) has partnered with think tank organization the Coalition of Automated Legal Applications (COALA) to run blockchain workshops in Sydney. The conference, called the Sydney Blockchain Workshops, will bring together regulators, policy makers and technologists to better understand the upcoming opportunities and challenges of blockchain...
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...

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