According to the Reserve Bank of Australia (RBA) head of payments policy Tony Richards, cryptocurrencies are not posing a threat to the central bank operations.The soon to retire central bank official, who admitted owning a crypto wallet since June 2014, doesn’t see cryptocurrencies endangering the Australian dollar.Crypto is no threat to Australia’s monetary sovereignty“I … [Read more...] about Australian official who owns Ethereum says it is no threat to the country’s financial system
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Australian baseball club Perth Heat to pay athletes in Bitcoin
Australian baseball club Perth Heat has announced a partnership with Bitcoin payment processor OpenNode to accept and make payments in Bitcoin (BTC). The partnership allows Perth Heat to pay professional players and staff in Bitcoin. According to the announcement, the professional sports club will send and receive payments in Bitcoin over the Lightning Network. In addition, the … [Read more...] about Australian baseball club Perth Heat to pay athletes in Bitcoin
Blockchain forensics firm Chainalysis opens Australian office
Leading blockchain analytics firm Chainalysis is opening its first Australian office in Canberra, coinciding with the news it has partnered with the Commonwealth Bank on its plans to offer crypto trading to 6.5 million app users. Chainalysis, which was valued at US$4.2 billion at its Series E funding round in June, is a blockchain data research platform founded by Jonathan … [Read more...] about Blockchain forensics firm Chainalysis opens Australian office
Australian digital finance industry wants to legally recognize DAOs
Specialists and lawyers focused on decentralized finance (DeFi) are launching an initiative to create a new type of legal entity in Australia representing decentralized autonomous organizations (DAOs).The country's Digital Law Association and global law firm Herbert Smith Freehills are lobbying an Australian Senate committee to formally recognize new decentralized models for … [Read more...] about Australian digital finance industry wants to legally recognize DAOs
Visa to approve Bitcoin spending card for Australian startup CryptoSpend
Global payment giant Visa is moving forward with its commitment to digital currency adoption by approving the issuance of a new Bitcoin (BTC) debit card in Australia.Sydney-based crypto spending app CryptoSpend announced Wednesday that Visa has approved the issuance of a physical debit card that will allow Australians to spend their Bitcoin at local merchants.CryptoSpend … [Read more...] about Visa to approve Bitcoin spending card for Australian startup CryptoSpend