Australian central bank Reserve Bank of Australia’s (RBA) Payments Policy Department officials Tony Richards and David Emery have claimed that the cryptocurrencies and their underlying Blockchain technology do not pose urgent regulatory issues so far. The officials also stated that the central bank will not support any efforts to regulate the core protocols making up the Blockchain networks.
At a hearing before the Australian House of Representatives Standing Committee on Tax and Revenue in late October 2017, the two officials explained why the central bank does not see “pressing regulatory issues” involving the virtual currencies and Blockchain in the near term…
Read Full: Blockchain and Cryptocurrency Regulations Are ‘Unnecessary,’ Reserve Bank of Australia
