RATE Group | Australia’s Blockchain Roadmap Isn’t Music to Everyone’s Ears, Draws Criticism
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Australia’s Blockchain Roadmap Isn’t Music to Everyone’s Ears, Draws Criticism

12 Feb Australia’s Blockchain Roadmap Isn’t Music to Everyone’s Ears, Draws Criticism

Posted at 07:41h in Cryptocurrency News by

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So far, 2020 has been a year of cryptocurrency regulation: The European Union, the United Kingdom and Singapore have officially introduced their approaches to the burgeoning industry. Now, Australia has published its national roadmap, hoping to become a global blockchain leader. 

Last Friday, Australia’s Department of Industry, Science, Energy and Resources launched the national blockchain roadmap — a 50-page document that defines how blockchain technology could benefit the local economy over the next five years. 

The paper, developed in conjunction with industry participants, oversees a number of specific fields where the technology might prove useful, namely Know Your Customer-related procedures and wine export. What does this mean for the local cryptocurrency and blockchain industry, and how has the Australian government been regulating it so far?

“Sensible, watchful stance”: What crypto regulations has Australia introduced so far?

Prior to the roadmap’s launch, the…

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