19 Oct '15, 5pm

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

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

Australia’s banks are reportedly being investigated by the Australian Competition and Consumer Commission (ACCC) following the recent account closures of Bitcoin businesses. At least 17 Bitcoin startups reportedly had their accounts closed , forcing several out of business. An industry body spokesman reportedly said at the time that the closures were a result of tougher rules on anti-money laundering (AML) and terrorist financing (TF) in the country. But Senator Matthew Canavan, who requested the investigation, suggested that the actions were anti-competitive because digital currency competes with banking business models. ACCC chairman Rod Sims told The Australian Financial Review that the Commission has started an investigation, which is in its early stages. It has requested an explanation from the banks for the moves. The country’s major banks have themselves been explor...

Full article: http://www.financemagnates.com/cryptocurrency/news/austra...

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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...

The First Bitcoin Friendly Bank

The First Bitcoin Friendly Bank

cryptocoinsnews.com 19 Oct '15, 2pm

NextBank is making financial procedures less complicated for the bitcoin Community. Our bank is offering private or busine...

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...

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 Banks Ride the Blockchain After Pushing Out Bitcoin Companies

Australian Banks Ride the Blockchain After Push...

cointelegraph.com 19 Oct '15, 2pm

National Australia Bank and the Commonwealth Bank of Australia will be taking part in a joint project led by global financ...

Bank Negara has its own powers to enforce compl...

anilnetto.com 19 Oct '15, 2pm

Bank Negara Malaysia (the Bank) wishes to provide clarity regarding its powers to enforce compliance with the regulatory l...

#singapore 19-25 Oct 2015: AirAsia Fly From Singapore to Asia & Australia 3 Million Seats On Sale Promotion #sales

#singapore 19-25 Oct 2015: AirAsia Fly From Sin...

sg.everydayonsales.com 19 Oct '15, 4am

19-25 Oct 2015: AirAsia Fly From Singapore to Asia & Australia 3 Million Seats On Sale Promotion AirAsia Singapore are hav...