Tag: Reserve Bank of Australia

Reserve Bank of Australia Issues Statement on Cryptocurrencies and ICOs

In the last couple of months, numerous banks and governments have issued warnings about digital currency use and the associated risks. The Reserve Bank of Australia (RBA) is the latest to do so, having stated that it doesn’t expect digital currencies to see mass adoption anytime soon. RBA Head of Payments addresses House of Representatives In a speech to the House of Representatives Standing Committee on Tax and Revenue, the RBA’s Head of Payments, Tony Richards, …
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Reserve Bank of Australia Examining Digital Currencies and Distributed Ledgers

In a speech given at the Payments Innovation 2016 Conference in Sydney, Tony Richards, Head of Payments Policy Department at the Reserve Bank of Australia, mentioned that digital currencies and blockchain-based payments systems are being examined by Australia’s central bank. In his speech, Richards even went on to suggest that at some point in the future the Australian dollar itself may be converted to a digital format, “in the more …
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