ASX delays deployment of blockchain settlement system again and hires Accenture to review the project

[Australian Stock Exchange once again postponed the deployment of blockchain settlement system and hired Accenture to review the project] News on August 3, the Australian Securities Exchange (ASX) said on Tuesday that it will delay the launch of the blockchain settlement system for at least two years again, And has hired IT consulting giant Accenture to review the project.

ASX said in a statement that the CHESS replacement project, which aims to replace the decades-old settlement and clearing system on its platform, is expected to be delayed until at least the end of 2024. Notably, the exchange has experienced several delays in deploying the distributed ledger-based alternative for at least three years. (Blockworks)

Other news:

Australia's ASIC has sued BPS Financial: Jinse Finance reported that Australia's ASIC has sued BPS Financial for allegedly misleading statements about its encrypted asset Qoin. In a statement, the Australian Securities and Investments Commission (ASIC) said BPS made misleading representations and engaged in unauthorized conduct regarding Qoin, a digital currency it launched in 2019 to facilitate payments for goods and services. The BPS website claims that holders can use Qoin at nearly 38,000 merchants. ASIC believes this is not true. It claims the company overstated the number of merchants that use Qoin and are regulated.

BPS disputed the claims and said it had consulted with ASIC about the project. [2022/10/25 16:38:22]

Commonwealth Bank of Australia plans to add cryptocurrency support to its app: The Commonwealth Bank of Australia is planning to integrate cryptocurrencies into its digital app. Sources with knowledge of the process said the bank will announce the ability to buy and hold bitcoin and other digital assets. According to reports, the added support will begin next year. An announcement is expected on Wednesday. In addition, the bank may also go public with U.S.-based exchange Gemini and blockchain analytics firm Chainalyis, both of which will power its application integration. (Australian Financial Review) [2021/11/3 21:19:48]

News | Australian startup TrustED will launch its blockchain network on Binance Chain: According to Medium, on May 19, Australian blockchain startup TrustED announced an agreement with Binance to launch its blockchain network on Binance Chain (Binance Chain) ) launched its blockchain network. It is reported that TrustED is committed to providing transparency for academic credentials through blockchain technology. [2019/5/19]