Australia’s peak body representing the communication and technology industry says the government should speed up the review process deadline to July 2025.
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A spokesperson for Australian Treasurer Jim Chalmers said they are closely monitoring the fallout from FTX’s collapse.
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“What is clear is that if we embrace these developments, Australia has an enormous opportunity to capitalize on the convergence between finance and technology,” Treasurer Josh Frydenberg said.
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Australian Senator and Minister of Financial Services Jane Hume said that “cryptocurrency is not a fad. It is an asset class that will grow in importance.” She emphasized that the government won’t stand in the way of crypto investing. “We have to let people make their own decisions,” she said. Australian Government Won’s Stand in […]
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The Australian government has made two grants of up to $3 million available to blockchain teams targeting minerals certification and excise taxation solutions.
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Multiple governments around the world have not taken a liking to encryption. In fact, some officials want to end encryption in their respective countries once and for all, which will be met with a lot of criticism. NordVPN is warning about a new bill making its way through Australia’s government right now. This new anti-encryption bill will have severe consequences if it is turned into law. Australia Wants to end Encryption It is neither the first nor the last time we will see government officials attempt to end encryption. In their opinion, encryption facilitates illegal and even terrorist activity. That has become the default
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