Author Archives: Finn Laird

GOVERNMENT RELEASES FIRST PAPER ON CRYPTO REGULATION

The government’s opening salvo in the crypto realm has been fired, and it comes with some interesting insights into how the government plans on regulating the tech. The main insight is into a proposed licensing scheme for cryptocurrency exchanges. It would appear that Crypto Asset Secondary Service Providers (referred to in the doc as CASSPrs) will be subject to their

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BNPL WITCH HUNT IS BLATANT ATTEMPT TO PROTECT 4 BILLION DOLLARS IN CREDIT CARD INTEREST

The witch hunt being carried out against Buy-Now-Pay-Later (BNPL) providers is being undertaken to stop the $4 Billion river of gold that is credit card interest from drying up. Afterpay and Zip have claimed that banks are forcing mortgage applicants to delete their BNPL accounts before approving their home loans. Zip boss Peter Gray claimed it’s the number one reason

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CREDIT CARDS RECEIVE 14 TIMES MORE FINANCIAL COMPLAINTS THAN BUY-NOW-PAY-LATER

credit cards aren't the smart way to pay

Data from a major financial regulator has found that of over 70,000 complaints in FY21, credit cards received 14 times more complaints than Buy-Now-Pay-Later (BNPL) products.  This is particularly poignant when considering there are over 12 million credit card accounts in Australia and over 6 million BNPL accounts. Credit card complaints are well out of proportion.  A recent Media Release

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