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Australian Government to Approve Cryptocurrency Platforms

By Daniel Khmelev

 

The Australian government has set its sights on the country’s cryptocurrency market, in what is expected to be one of the most significant sets of reforms to the country’s payment system in more than 25 years.

The government is seeking industry feedback to develop a “tick of approval” for cryptocurrency exchanges—the platforms responsible for connecting consumers with their digital cash.

The aim is for Australians to have more confidence in these platforms, allowing those interested in investing in cryptocurrencies to do so “safely and securely,” Digital Economy Minister Jane Hume said.

 

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