Australia's multi-year payments modernisation agenda has marked another milestone with Treasury releasing the Tranche 1 exposure draft legislation for public consultation . The draft legislation gives practical form to the new function-based regulatory perimeter that is slated to eventually replace Australia's "ageing" non-cash payment ( NCP ) facility authorisation under the financial services licensing regime and the purchased payment facility framework administered princi

The Australian Government has released exposure draft legislation which will regulate stablecoins as a standalone financial product and make significant amendments to Australia's payments legislation. The proposed laws will apply financial services licensing obligations to stablecoin issuers and introduce bespoke reporting and compliance obligations carrying hefty civil and criminal penalties for non-compliance. Assistant Treasurer and Minister for Financial Services, Daniel

Most internet users recognize the familiar 404 error when entering an incorrect website URL, but a different response code may soon...

On Thursday, Australia passed significant amendments to the Payment Systems (Regulation) Act 1998 (Cth) ( PSRA ) to modernise the...

Emirates has signed a Memorandum of Understanding with Crypto.com that will allow customers to make payments through Crypto.com Pay, the...