Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate.
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Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams originate.
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Blockchain Australia, the country’s peak crypto industry body has announced a new CEO who wants to speed up the crypto regulatory process.
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While the license isn’t currently needed for crypto companies in Australia, BTC Markets says it is preparing the exchange for upcoming regulations, which may help it gain other complementary certifications.
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The Reserve Bank of Australia has warned local investors that the speculative frenzy on crypto could soon dry up if policymakers and regulators step in.
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“When you look under the hood on that, we’ve concluded that this is a major protocol shift for financial market infrastructure,” said Nigel Dobson, ANZ’s Banking Services Portfolio Lead.
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Investors are worried the may not be able to recoup their funds from ACX, now that parent company Blockchain Global has entered voluntary administration.
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The CBA stated that it will support 10 crypto assets in its banking app, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
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Food and wine fraud costs Australians $1.7 billion, but government and industry experts say blockchain could be the solution
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Australian experts suggest blockchain is an integral part to protecting Australia’s business and government from cyber attacks.
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