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Crypto Blog

The Reserve Bank of Australia (RBA) has indicated its readiness to investigate the potential adoption of a central bank digital currency (CBDC) as a prospective alternative to traditional money. In the event of implementation, a CBDC would take the form of a digital token issued by the RBA, signifying ownership stakes in its reserves.
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The majority of Australian cryptocurrency exchanges have welcomed the recent Treasury proposal to incorporate crypto exchanges within the existing financial services licensing framework. However, there are concerns among some that this move might confine the crypto industry within a traditional financial services mould.
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The Australian Treasury's recently issued consultation document stipulates that cryptocurrency exchanges must seek a financial services licence from the local financial regulatory authority.
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Coinbase's Chief Legal Officer, Paul Grewal, has reiterated the request for a mandamus to compel the SEC to address the company's petition regarding crypto rulemaking.
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The choice made by Ferrari to embrace cryptocurrency payments was motivated by market demand and requests from its dealers, as a result of a substantial number of customers showing interest in digital currencies and investing in them.
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