19 Oct '15, 2pm

Australian Banks Ride the Blockchain After Pushing Out Bitcoin Companies

Australian Banks Ride the Blockchain After Pushing Out Bitcoin Companies

National Australia Bank and the Commonwealth Bank of Australia will be taking part in a joint project led by global financial innovation firm R3 to design protocols based on blockchain technology at the same time as the ACCC has begun investigating the banks for closing the accounts of Bitcoin businesses last month. Australia’s two of the largest banks, National Australia Bank and the Commonwealth Bank of Australia, will join R3, which includes 20 other major banking groups including HSBC and Citigroup, to explore the underlying technology of bitcoin and its uses to optimize and improve settlements and overall banking operations. The news comes after the decision by the two banks to close all accounts associated with bitcoin startups and projects because according to the banks, all bitcoin startups failed to comply with KYC (know your customer) and AML (anti money launderi...

Full article: http://cointelegraph.com/news/115429/australian-banks-rid...

Tweets

bitcoin

bitcoin

afr.com 19 Oct '15, 5am

"We take every suggestion of anti-competitive behaviour incredibly seriously. It is a very serious allegation to make agai...

Australian Commission Investigates Banks’ Closing Bitcoin Companies’ Accounts

Australian Commission Investigates Banks’ Closi...

cryptocoinsnews.com 19 Oct '15, 7am

84 SHARES Twitter Linkedin Facebook Pinterest Google Reddit The Australian Competition and Consumer Commission (ACCC) is i...

Banks Investigated for Closure of Bitcoin Compa...

coindesk.com 19 Oct '15, 9am

The Australian Competition and Consumer Commission (ACCC) has confirmed it is investigating the actions of banks in the co...

Business Insider – Banks' approach to bitcoin i...

businessinsider.com 18 Oct '15, 11am

REUTERS/Yannis Behrakis A local strolls at an empty beach past a statue of Diogenes the Cynic in the Greek coastal town of...

Banks' approach to bitcoin is 'cynical', says a...

uk.businessinsider.com 18 Oct '15, 7am

REUTERS/Yannis Behrakis A local strolls at an empty beach past a statue of Diogenes the Cynic in the Greek coastal town of...

Banks' approach to bitcoin is 'cynical', says a...

uk.businessinsider.com 18 Oct '15, 7am

REUTERS/Yannis Behrakis A local strolls at an empty beach past a statue of Diogenes the Cynic in the Greek coastal town of...

Banks' approach to bitcoin is 'cynical', says a...

uk.businessinsider.com 18 Oct '15, 7am

REUTERS/Yannis Behrakis A local strolls at an empty beach past a statue of Diogenes the Cynic in the Greek coastal town of...

#DNotes on MarketWatch: #bitcoin #finance #trad...

marketwatch.com 19 Oct '15, 9am

DNotes is a currency for everyone – unborn to most senior, rich or poor. Over the last year DNotes successfully launched t...

How Banks Are Leveraging Bitcoin and Blockchain Technologies

How Banks Are Leveraging Bitcoin and Blockchain...

securityintelligence.com 15 Oct '15, 2pm

French bank Société Générale, which posted a job listing in July for an “IT developer on bitcoin, blockchains and cryptocu...

SOB Q3 2015: Banks Embrace Blockchain Amid Bitcoin Funding Slowdown

SOB Q3 2015: Banks Embrace Blockchain Amid Bitc...

coindesk.com 15 Oct '15, 1pm

CoinDesk’s latest State of Bitcoin and Blockchain report , sponsored by Coinalytics , summarizes the key trends, data and ...

Australia's Competition Watchdog Investigates Bitcoin Bank Account Closures: Australia's banks are being inves...

Australia's Competition Watchdog Investigates B...

financemagnates.com 19 Oct '15, 5pm

Australia’s banks are reportedly being investigated by the Australian Competition and Consumer Commission (ACCC) following...

Australian domain market up in arms over Netfle...

domainnamewire.com 19 Oct '15, 1pm

Consequently, this buyer leapfrogged the high bidder; and he, rather than the NetFleet customer, took home the domain. Tha...

Bitcoin in the Headlines: The Blockchain Reigns Supreme

Bitcoin in the Headlines: The Blockchain Reigns...

coindesk.com 16 Oct '15, 9pm

More bitcoin vs blockchain A PYMNTS article weighed into the ongoing bitcoin vs. blockchain debate, asserting how the digi...

How the #Blockchain will redefine #remittance marketplace. #Bitcoin #FinTech

How the #Blockchain will redefine #remittance m...

enterpriseinnovation.net 23 Oct '15, 9am

Remittance is the act of sending money to another party. According to the World Bank , global remittances in 2015, includi...

Chainalysis: Barclays Deal is Start of Banks Opening Up to Bitcoin

Chainalysis: Barclays Deal is Start of Banks Op...

coindesk.com 14 Oct '15, 9pm

It's an open secret that companies working with bitcoin funds have long faced challenges gaining access to banking service...