A handful of Australian startups have pushed along use-cases to the government’s FinTech Advisory Group in order to promote a digital Australian Dollar.
A need for a government-backed digital currency is becoming more and more prevalent in Australia. The combination of a thriving economy, an innovative startup culture, and the growing interest in blockchain technologies places the country in a unique position to explore innovations. Moreover, the country has experienced a handful of legislative actions that have helped to usher cryptocurrencies into the mainstream. The Australian treasurer, Scott Morrison, for instance, removed Goods and Services Taxes on digital currencies. This effectively treats currencies like bitcoin as physical money in regards to taxation in Australia…
Read Full: Three BlockChain Startups Push for Digital Australian Dollar