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Australia Plans to Test Paperless Trade with Singapore Using Blockchain

Blockchain /

ABF launched a trial with Singapore authorities to simplify cross-border trade through blockchain technology. The Australian Border Force (ABF) announced today that the agency is working on cross-border trade solutions with Singapore to make the entire process simple and paperless through the integration of blockchain technology. In an official press release, the ABF stated that […]

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AFS License Not Required by Foreign Brokers to Deal with Professional Clients

Forex, Industry, Regulations /

Dealing with sophisticated clients is permitted without an AFS license. Increasingly CFD and FX dealers are looking to provide financial services in highly-regulated jurisdictions. Many of these dealers are unaware that Australia offers a little-known exemption to the financial services licensing requirements. Under the Corporations Regulations 2001 (Reg 7.6.02AG), foreign CFD and FX brokers do

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