ELECTRONIC COMMERCE – AUSTRALIA – REGULATION

Regulate Apple Pay, says CBA

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Original article by James Eyers
The Australian Financial Review – Page: 1 & 22 : 28-Jul-21

Commonwealth Bank CEO Matt Comyn appeared before the parliamentary joint committee on corporations and financial services on 27 July. He told the committee that Apple Pay is now an essential service in the payments system and should therefore be subject to greater regulation, given that access to the iPhone’s near-field communication chip is restricted solely to Apple’s own digital wallet. Tom Leuner from the Australian Competition & Consumer Commission also noted that restrictions on access to the chip could potentially raise competition concerns. Some 9,000 banks worldwide now use Apple Pay, including Australia’s four major banks.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. PARLIAMENTARY JOINT COMMITTEE ON CORPORATIONS AND FINANCIAL SERVICES, APPLE INCORPORATED, APPLE PAY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Bitcoin here to stay and ready for rules

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Original article by Ruth Liew
The Australian Financial Review – Page: 17 : 11-Jul-14

Australian Digital Currency Commerce Association chairman delegate Ronald Tucker says the nation can be at the forefront of regulation for the Bitcoin digital currency. He has held talks on the issue with the Australian Taxation Office, Australian Securities & Investments Commission, Treasury and Reserve Bank of Australia. New businesses related to the trade in Bitcoins have attracted investment of $US300m-plus ($A310m) globally between early 2013 and mid-2014, and close to $A11m in Australia. They include the backdoor-listed Digital CC

CORPORATES
DIGITAL CC LIMITED – ASX DCC, AUSTRALIAN DIGITAL CURRENCY COMMERCE ASSOCIATION LIMITED, AUSTRALIAN TAXATION OFFICE, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA, MTGOX, GREAT BRITAIN. HM REVENUE AND CUSTOMS, EUROPEAN BANKING AUTHORITY