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Currency

The Reserve Bank has teamed with CBA, NAB and Perpetual, as well as blockchain technology provider ConsenSys Software to explore implementing a centralised digital currency.

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A new survey has found around 90 per cent of institutional investors believe pension funds, insurers, family offices and sovereign wealth funds will increase their level of investment in cryptocurrencies during the next five years.

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The payments giant has rolled out a proprietary virtual testing environment for central banks to assess digital currencies.

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The neobank has rolled out a cryptocurrency offering, allowing its customers to buy up to six different cryptocurrencies including bitcoin.

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The corporate regulator has banned a sales representative of an online cryptocurrency platform from financial services for seven years.

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