CBAPH News: Regulator Delays Commonwealth Bank of Australia Crypto Plans - 7th Apr 2022, 3:00pm

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Red tape slows Commonwealth Bank of Australia’s (CBA) move into delivering cryptos to retail customers. The Australian Securities and Investment Commission (ASIC) has delayed the launch of its crypto app. Last month, Australia and New Zealand Banking Group minted its first Aussie Dollar pegged stablecoin (A$DC0.

Australia has evolved into one of the more crypto-friendly jurisdictions, supporting digital asset innovation and the evolution of web3.

In November, Australian Sen...

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