#australia
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Imperium Markets Advocates for Swift Tokenization in Australia
Fintech company Imperium Markets has called on the Australian government to accelerate the tokenization of debt instruments to stay competitive in today’s market. The company has long been working with the government on a pilot project employing distributed ledger technology for tokenization. 
AUDN: The Stablecoin Disrupting Cross-Border Transactions
The National Australia Bank (NAB) has launched cross-border payments utilizing its AUDN stablecoin, tailored for instant cross-border transfers. NAB will leverage the Ethereum blockchain to transfer AUDN to its subsidiaries in other countries. Australia Tightens the Screws on the Crypto Industry
The Australian Securities and Investments Commission (ASIC) is set to significantly tighten regulations on the cryptocurrency market. Under a newly proposed framework, most companies working with digital assets will be required to obtain a financial services license. Australia Intensifies Crackdown on Fraudulent Websites
Since the start of 2023, the Australian financial regulator (ASIC) has closed over 7,300 fraudulent investment websites and schemes, including 615 cryptocurrency projects. Fake investments continue to be a major issue, with Australians losing over $1.3 billion to such scams in the past year. AI Adoption: China Takes the Lead
A study by SAS reveals that China is at the forefront of global AI implementation, with 83% of companies utilizing artificial intelligence. This is notably higher than the adoption rates in the UK (70%), the US (65%), and Australia (63%), with the global average at 53%. 
MFA and WhiteBIT's Chatbot Aids Over 3,000 Ukrainians
In June 2023, crypto exchange WhiteBIT and Ukraine’s Ministry of Foreign Affairs launched a joint chatbot initiative to support Ukrainians overseas. Within its first six months, the chatbot handled over 3,000 requests from Ukrainian citizens in 72 countries around the world, from Norway to Australia. 
Bendigo Bank Blocks Crypto Transactions
Bendigo Bank, one of Australia's leading banks, has decided to limit high-risk crypto payments to protect its customers from potential scams.
As a result, Bendigo Bank has become the fourth major bank in Australia to implement such security measures. However, the precise criteria used to block transactions remain unknown. High-Risk AI Faces Potential Ban in Australia
In response to global concerns surrounding the rapid development of artificial intelligence (AI), the Australian government has launched an urgent eight-week consultation to determine if any "high-risk" AI applications should be prohibited. This initiative follows similar actions taken in the United States, the European Union, and China to understand and potentially mitigate AI-related risks. 