This decision is going to be a major game changer in Australia that will determine the fate of the country’s payment system in the upcoming years.
Australia government to undergo major changes in their payment system in the next 25 years. As a result of which it is also going to add cryptocurrency as a payment system to boast the economy.
The government is taking measures to enable safe and secured crypto currency transactions so that it becomes easily acceptable asset to invest in by all.
Safety measures includes cryptocurrency taxation, no fraud for investors, and required measures for banks to operate on digital currency.
The government is currently working to get the custody agreement for cryptocurrency transactions.
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