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The Reserve Bank of Australia (RBA) is expecting to push forward with its central bank digital currency (CBDC) pilot by mid-2023, according to a white paper published on Monday.   The purpose of the pilot is to “explore innovative use cases” that could be supported by the issuance of a CBDC, a media release said....
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Australia cryptocurrency entrepreneur, Fred Schebesta, has stated that whilst the token mapping by the Australian government is “wonderful”, he warns it could lead to some detrimental effects on the space and wider economy.    You can read about the government’s prioritising of this token mapping in our article here.    Fred is the co-founder of...
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Australian Liberal Politician Andrew Bragg wants to prepare Australia for a cryptocurrency bill the widespread use of China’s central bank digital currency (CBDC), the digital yuan.     On Monday, a draft of the digital assets Bill was introduced, being a Bill for an Act to provide for the regulation of activities relating to digital...
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The chairman of ASIC, Joe Longo, speaking at a lunch in Melbourne on Tuesday, said ASIC’s focus would be on protecting people participating in the financial system” and guarding against consumer harms.   The head of the corporate watchdog says his job is to protect consumers and not be a “crypto cheerleader” as he warns...
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Australia’s Labor Government will look to become the first nation to “token map” the cryptocurrency digital assets sector as the government seeks to provide to improve System for Cryptocurrency.   In a statement yesterday, the Australian treasury and its treasurer, Jim Chalmers, announced a multi-multi-step plan to establish a cryptocurrency and digital assets regulatory framework...
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The Australian Competition and Consumer Commission (ACCC) is the chief competition regulator of the Government of Australia, located within the Department of the Treasury. It was established in 1995 with the amalgamation of the Australian Trade Practices Commission and the Prices Surveillance Authority to administer the Trade Practices Act 1974, which was renamed the Competition...
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China’s largest city with a population over 26.32 million has decided to rely on blockchain and the metaverse to accelerate the nation’s economic growth.     The metaverse refers to an immersive virtual world, where digital representations of people can interact with each other like they do in real life. Virtual reality (VR) and augmented...
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The Bank for International Settlements (BIS) has decided to allow banks to hold up to 1% of reserves in cryptocurrencies such as Bitcoin (BTC), despite its sceptical approach to the asset class in the past, as well as the recent cryptocurrency market downturn.     A June 30 report by the BIS’ Basel Committee on...
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Consensus: DAY 3/DAY 4   Day 3 and day 4 was jam packed with some incredible speakers.   Jimmy Song & Todd Share   We firstly got to see the ultimate Bitcoin Maxi in Jimmy Song discuss all things Bitcoin. He spoke at length on the technical upgrades to Bitcoin, the most recent being the...
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Consensus: DAY 1/DAY 2   We arrived in beautiful Austin, Texas, to 40 degree weather, dryness, and a whole heap of flavoursome individuals! We were in Austin to attend Consensus by CoinDesk, since 2015, Consensus has been the central meeting point for those committed to decentralising the world. Curated and produced by CoinDesk, the most...
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