Australian Authorities To Initiate Cryptocurrency Research Program

2022-9-5 16:52

Crypto enthusiasts hope to see the sector accepted in every country worldwide. Even though the present condition of the market is not encouraging, investors are optimistic that the future of crypto assets is promising.

Many countries, such as El Salvador, have already embraced crypto in their financial systems. The acceptance boosted the industry, and with more such adoptions in the pipeline, cryptocurrencies will become the future of money as predicted.

The current report on crypto usage interest reveals that Australia is interested in utilizing digital assets. As a result, the Australian government has started researching digital asset opportunities. This program was recently inaugurated and is aimed at positioning the country to benefit from asset digitalization.

Brief On Australian Research Program

The Research program is tagged “Digital Cooperative Research Program (DFCRC).” It was launched officially by Stephen Jones, the Assistant Treasurer and Minister of Financial Services. Also, the Australia and New Zealand Banking Group LTD chairman, Paul O’Sullivan, came to the event.

During the inauguration, Stephen Jones disclosed that the reason for partnering with regulators is to ensure everything works well. Also, the body aims to provide the ecosystem safe for upcoming innovations.

The total fund for the project is 180 million AUD. According to the details available, the funding sources are universities, the Australian government, and industry partners. The DFCRC program will run for ten years, and its partners will be up to 25. The partners we gathered will come from the central bank, finance, regulatory, and academia.

Given the government’s interest in utilizing digital assets opportunities, the Australian central bank is already in talks with DFCRC. The two bodies have partnered to explore the possibilities of launching a CBDC (main band digital coin) and how it will boost transactions in the financial sector.

Australia And Crypto

It’s not surprising that Australia has started an official program to explore opportunities in digital assets. Currently, the country is regarded as a stable and friendly jurisdiction for the blockchain and the operations of digital businesses.

Cryptocurrency market trends sideways on the chart | Source: Crypto Total Market Cap on TradingView.com

Generally, the government is always open to technological innovations starting from its acceptance of fintech and diverse innovations. According to data, the crypto industry in Australia is worth $1 trillion. Moreover, many crypto exchanges are also allowed to operate within its shores, indicating great support for the industry.

The government even disclosed plans to start token mapping or the practice of cataloging the uses and types of digital currency in the country. The process aims to identify the digital assets to regulate and how the government will do it.

Featured image from Pixabay and chart from TradingView.com

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Доступно / Всего 19.117m EMD / 32m EMD

crypto present condition market encouraging assets promising

Источник: bitcoinist.com

crypto present → Результатов: 126


Why Is Crypto Converting Its Sceptics In 2021?

Sceptics have hounded Bitcoin since its launch in 2009 and continue up to the present. Many dismissed it as a fad, saying it’d fade into obscurity as fast as it was created. Others claimed it didn’t have any inherent value and it’d never gain recognition from traditional financial institutions, nor would it be a profitable […] The post Why Is Crypto Converting Its Sceptics In 2021? appeared first on CaptainAltcoin.

2021-5-3 14:04


Фото:

Why FED Chairman thinks Bitcoin is a substitute for gold

In the Bank of International Settlements Innovation Summit, the U.S. Federal Reserve Chairman Jerome Powell referred to cryptocurrencies and their position next to the dollar. For Powell, assets such as Bitcoin present very high fluctuations in their price and have no “underlying valued”, a position familiar to the official: Crypto assets are highly volatile — […]

2021-3-23 21:54


Фото:

It’s the Moment of Truth for Ethereum as Analyst Eyes Move to New Highs

Ethereum has been rocketing higher throughout the past few days, with its latest round of upside kicking off after the sudden rally from the mid-$700 region to over $1,000 The crypto has now established a solid foothold within the $1,000 region, and bulls confirmed this level as support yesterday This is indicative of its present strength, and its ability to climb today while Bitcoin consolidates has given its BTC pair some strength Where the entire […]

2021-1-7 01:00


Фото:

This Coinbase Trend Could Signal Another Bitcoin Rally is Imminent

Bitcoin’s price is inching higher this morning following a bout of weakness seen yesterday Its present strength comes as the entire market moves higher, with bulls gaining a serious edge over the cryptocurrency’s price action Twitter activity from prominent figures like Elon Musk and others have also boosted the cryptocurrency, sending its price rocketing back towards $24,000 It remains unclear as to whether or not this will be enough to boost the crypto in the […]

2020-12-21 22:00


Фото:

Ethereum’s Macro Outlook Shapes Up as Technical Strength Grows

Ethereum has been closely tracking Bitcoin as of late, which has caused it to see some consolidation Where the crypto trends in the mid-term should depend largely on ETH’s continued reaction to the $600 region Just as $19,000 is a key level for Bitcoin at the present moment, $600 is a crucial level for ETH, as breaks above this level often lead to inflows of buying pressure Where the cryptocurrency trends in the days and […]

2020-12-7 23:00


Here’s the Reason Why Bitcoin’s Price is Stable Despite Macro Turbulence

Bitcoin’s price has been incredibly stable throughout the past couple of weeks Even bearish news developments that would have – in years past – catalyzed far-reaching selloffs have done little to shake its present strength Analysts are now widely noting that the traditional markets will be a guiding force for BTC going forward Which direction they begin trending mid-term will likely influence the benchmark crypto One on-chain analyst is now putting forth an interesting observation […]

2020-10-8 21:00


Фото:

These 5 Simple Factors Suggest Ethereum’s Rally is “Running on Fumes”

Ethereum has been largely consolidating throughout the past week as Bitcoin continues lacking decisive directionality The crypto has been subjected to some increased selling pressure throughout the past couple of hours, which led its price down to lows of $350 earlier today Analysts do believe that the token could be “running on fumes” at the present moment, suggesting that it may not be able to rally any further Five factors are may be contributing to […]

2020-9-30 23:00


Фото:

Bitcoin Short Positions Surge to 4 Month High as Bears Grow Aggressive

Bitcoin and the entire crypto market – with a few exceptions – is flashing signs of weakness at the present moment This has come as a result of the sharp decline seen last night, which sent BTC reeling below its key $12,000 support The benchmark crypto is now consolidating between $11,600 and $12,000 This is the same trading range that it was trading in before its recent break above $12,000 Analysts do believe that the […]

2020-8-20 02:00


Фото:

NXT Blockchain Developer Takes Apollo to Court for Copying Its Code Without Attribution

Crypto is headed to the courts next month when lawyers for NXT developer Jelurida will present their case against copycat chain Apollo. A lengthy writ of summons outlining the case against Apollo cites repeated violations of the open-source licensing agreement, primarily involving failure to credit Jelurida as the code’s creator. In a final attempt to […]

2020-7-17 17:29


Фото:

This Technical Structure Signals Bitcoin is Coiling Up for a Major Downside Break

Bitcoin does not appear to be in a good position at the present moment Bears are currently attempting to push it below its long-held support at $9,000 This comes just a week after the crypto posted two consecutive rejections at $9,400 Its inability to push higher coupled with mounting selling pressure suggests downside could be imminent Analysts concur with this notion, with one pointing to a technical structure as a reason why he is anticipating […]

2020-7-17 02:00


Фото:

Ethereum’s Macro Price Structure is Flashing Warning Signs; Things to Consider

The bear-favoring volatility seen by the aggregated crypto market yesterday has once again caused Ethereum to decline beneath the $200 price level The cryptocurrency is now flashing signs of growing weakness as multiple moving averages begin invalidating all of ETH’s macro bullishness One analyst believes that this present technical weakness could lead ETH to move back towards its yearly open Ethereum saw a sharp decline yesterday alongside Bitcoin and the aggregated crypto market. After tapping […]

2020-5-16 23:00


Фото:

Bitcoin Just Shattered an “Optimal Short” Level; Here’s What This Means

Bitcoin saw a surprising overnight surge that allowed the cryptocurrency to capture a position within the $8,000 region This movement came about after an extended period of consolidation and multiple firm rejections at $7,800 BTC’s present momentum may not last too long, however, as the crypto is fast approaching a level that analysts are describing as an “optimal short” due to the resistance that has been established here Bitcoin’s intense uptrend from its recent lows […]

2020-4-30 21:00


Фото:

Stablecoin boom doesn’t guarantee Bitcoin price will explode higher: economists

With Bitcoin seemingly finding a local top, all eyes in the crypto space have migrated to stablecoins, digital assets tied to and backed by a “stable” reserve asset. Although present in the cryptocurrency industry for 2017 and 2018, the assets have become increasingly important to the market over the past few months, as they’ve grown […] The post Stablecoin boom doesn’t guarantee Bitcoin price will explode higher: economists appeared first on CryptoSlate.

2020-4-24 16:00


Bitcoin the Answer to Monetary Debasement?

As central bankers around the world get set for a prolonged period of monetary debasement, the 99% could look to Bitcoin for protection. A Decade of Monetary Debasement Looms The European Central Bank issued guidance at the end of last year that it would keep “the key ECB interest rates to remain at their present […] The post Bitcoin the Answer to Monetary Debasement? appeared first on Crypto Briefing.

2020-1-7 09:23


Binance Coin Price Analysis BNB/USD: Consecutive Losses

Binance Coin has a bearish short-term and medium-term trading bias The four-hour time frame shows that a bullish inverted head and shoulders pattern is still present A loss of the $16.00 level would be extremely bearish for the BNB/USD pair Binance Coin remains under pressure alongside the broader cryptocurrency market, with the BNB/USD pair trading […] The post Binance Coin Price Analysis BNB/USD: Consecutive Losses appeared first on Crypto Briefing.

2019-11-22 21:12


New Wirex Visa Travelcard To Reward Users With 1.5% in Bitcoins on All In-Store Purchases

Crypto and fiat multi-currency accounts provider, Wirex has officially launched its travel Visa card as of Monday, November 11, 2019. Considering the fact that the firm focuses on establishing connections around the world with its services, the new travelcard will first be made present in the Asia-Pacific region, namely, Singapore, Taiwan, Hong Kong, South Korean, […]

2019-11-12 01:17


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

How the SEC's Recent Win May Play in Its Coinbase, Binance Cases

A federal judge ruled that secondary-market transactions for certain cryptocurrencies violated securities law. The catch: This was a default judgment. The defendant never showed up, and no one filed amicus briefs to oppose the Securities and Exchange Commission's motion for a default ruling.