Payment Nerd library
Tag: ASIC
Fraud at Agentic Speed: Autonomous Crypto Payments Jumped 522% in Three Months — and the Rulebook Is Racing to Catch Up
AI agents are now moving money on-chain at a pace that broke the old fraud playbook — transactions up 522% in a single quarter. As a new compliance standard lands, Australia is fighting its own fast-moving scam war on the ground.
The Race to Own the Digital Australian Dollar Is On — and the Banks Are No Longer the Only Runners
A regulated Australian-dollar stablecoin has already moved $1.4 billion on-chain in a single month. With the US GENIUS Act reshaping the global backdrop, the contest to define digital AUD is quietly heating up at home.
The Grace Period Ends 30 September: Australian Crypto Faces Its Licensing Reckoning
ASIC's sector-wide relief for digital-asset businesses expires at the end of September. From that moment, stablecoins, wrapped tokens and crypto wallets are financial products in the eyes of the law — and operating without a licence stops being a grey area.
Banks Paid $55 Million for Broken Offset Accounts. This Was a Reconciliation Failure
ASIC found mortgage offset accounts were not always linked or monitored correctly. The customer-facing loss began with a broken relationship between systems.