Australia’s Zip to Launch Crypto Services in a Year: Report
Zip is targeting customers of its soon to be biggest markets in the U.S. and Australia, marking a big step for such services offering crypto.
The fund seeks to raise A$25 million ($18.4 million) over a three-month period, promising clients a 100% FIL return over five years.
The company said its CoinJar Card marked an Australian first in denominating in local dollars, beating a competitor to market.
The move is the latest by Binance to address regulatory and compliance concerns proactively in response to intense regulatory scrutiny.
Loda is among the first of its kind in the country that allows users to borrow Australian dollars against crypto, its CEO said.
The industry body is calling for a "coordinated and graduated approach" to the regulation of digital assets throughout the country.