Australia’s Central Bank: It’s ‘Difficult’ to Imagine Mass Adoption of Bitcoin

2019-6-21 10:55

By CCN Markets: After ten years, the Reserve Bank of Australia has decided that Bitcoin and other cryptocurrencies don’t pose a threat to Aussie dollars or other forms of fiat payment. The RBA concludes, after reviewing everything it knows about cryptocurrency, that it’s “difficult to envisage” an outbreak of Bitcoin users in the down under.

Bitcoin Carries The Burden of Disruption It’s on cryptocurrency to be more attractive and useful than traditional payment methods. People will prefer the easier, more familiar world of debt-based currency until this is the case. To maintain the status quo, RBA says, rulers need only

The post Australia’s Central Bank: It’s ‘Difficult’ to Imagine Mass Adoption of Bitcoin appeared first on CCN Markets

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Ôîòî:

Aussies Can Now Purchase Bitcoin (BTC) At More than 3,500 Australia Post Offices

Australians can now purchase Bitcoin (BTC) at more than 3,500 national post offices, thanks to a partnership between crypto exchange Bitcoin. com. au and the Australia Post. Making Bitcoin More Accessible Crypto enthusiasts Down Under can buy Bitcoin at their local Australia Post, courtesy of an alliance between the local digital currency exchange Bitcoin.

2020-6-26 19:21


Ôîòî:

No Cryptos Planned for Issue by Central Banks in Australia and New Zealand

The central banks of Australia and New Zealand denied they would issue their own cryptocurrencies June 26, in a speech calling Bitcoin “fascinating” but “inefficient.” Addressing the Australian Business Economists in Sydney, Tony Richards, head of the Reserve Bank of Australia’s (RBA) payments policy, appeared hawkish on cryptocurrency as Australia’s government devotes considerable funds to

2018-6-26 17:07


Ôîòî:

The Central Banks Of Australia And New Zealand Against Cryptocurrencies

The trend of ‘central banks’ talking about cryptocurrencies is warming up once more, with The Reserve Bank of Australia (RBA) and The Reserve Bank of New Zealand (RBNZ) weighing in on the debate. The pair have moved to debunk rumours that they are investigating in establishing their own central bank digital currency, on the basis that they believe such a project would inevitably damage their current banking system.

2018-6-26 17:00


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