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Australian Bank Bans Use Of Mortgage Funds For Crypto Speculation - Latest News


Australian Bank Bans Use of Mortgage Funds for Crypto Speculation

Bank of Queensland has banned its customers from using loans that are leveraged against home equity for the purposes of cryptocurrency speculation due to concerns pertaining to the increasing regulato... read more

Australian Bank Bans Use of Home Equity Loans for Crypto Trading

The bank justified the ban ... of Australia and Austrac are crawling all over it." According to Financial Review, most lenders continue to oversee and regulate crypto-loans, while claiming that they d... read more

Bank of Queensland bans using home equity loans for crypto

Bank of Queensland is the latest to ban any drawdown ... to alert them to crypto-trades, purchases, or offshore trades or funds movement, according to a mortgage broker familiar with the market. "They ... read more

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Australia & New Zealand Weekly: Non-Mining Infrastructure Upswing Has Considerable Further Upside …

The non-mining infrastructure construction sector is a key growth driver of the Australian economy ... of appetite for additional borrowings to fund such spending. More recently, the states have made ... read more

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What the world’s central banks are saying about cryptocurrencies

Here’s a wrap-up of how the world’s largest central banks (and some smaller ones) are approaching the crypto ... do with their use as an efficient and convenient form of electronic payment,” said Phil... read more

Weekly Commentary: Just The Facts

Investment-grade bond funds saw inflows of $438 million, while junk bond funds suffered outflows of $619 million (from Lipper). Freddie Mac 30-year fixed mortgage ... current use by the Fed and many o... read more

Expert speak: The biggest disruption in blockchains and cryptocurrencies is yet to come (Part I)

Also Read: Bitcoin in Singapore: New Bitcoin kiosk launched, CoinHako’s Singapore bank account shuts down We do think that widespread use in transactions is ... themselves are asset managers or crypto ... read more

Is bitcoin in a bubble? Here are some of the arguments for and against

Bitcoin is a "speculative mania" according to the governor of the Reserve Bank of Australia ... increasing even without speculation and so there is a disincentive to spend it. Many big investors — inc... read more

Australia is linked to an investigation into illegal fund movements with crypto links totaling more than $384 million

related to the exchange of funds between South Korean and Australian bank accounts, according to Korean authorities. The investigation into illegal transfers was initially reported by coindesk.com on ... read more

Citi disallows use of cards for cryptocurrency purchase

MUMBAI: Close on the heels of Indian private banks shutting down accounts of bitcoin exchanges, Citi has barred use of its debit or credit cards for purchase of bitcoins or any such cryptocurrency. Ci... read more

Easing stance, South Korea to adopt real-name crypto trading

(Kim Seung-doo/Yonhap via AP) Softening its tough stance on crypto trading ... they might ban anonymous trading in crypto currencies and crack down on speculative trading. Regulators are seeking to pr... read more

Bitcoin Only Used for Money Laundering and Speculation: ‘Big Short’ Investor

Wall Street veteran Steve Eisman rose to fame by shorting the sub-prime mortgage market ahead of last ... that in developed countries the only use cases for cryptocurrency are speculative investing an... read more



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