The study would examine the possible impact of holding crypto and how the state would custody a digital currency.
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The study would examine the possible impact of holding crypto and how the state would custody a digital currency.
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A clear principles-based regulatory approach to the digital assets sector could be a huge benefit to the Australian economy according to the report.
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Australian crypto entrepreneur Fred Schebesta said Australia already has a “fledgling” crypto industry but needs to “align with the other major markets.”
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Australian Treasurer Jim Chalmers said that his government will improve the way Australia’s system manages crypto assets and provide greater protections for consumers.
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“Blockchain and crypto will underpin our future global financial systems,” said the new board member.
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