Australian Banks Are Ordered to Report on Crypto

Australian Banks Are Ordered to Report on Crypto

Following the catastrophic collapse of Silicon Valley Bank, Australian banking regulators have advised financial institutions to exercise caution when engaging in cryptocurrency transactions (SVB). The Australian Prudential Regulatory Authority (APRA), according to sources, has further asked banks to provide detailed records of every transaction involving cryptocurrencies. This development emerged after a detailed study on the cost of living after COVID-19 …

Continue Reading