The Australian government is seriously considering the rollout of the central bank digital currency (CBDC) and has endorsed numerous crypto regulation proposals as part of a new “cryptocurrency and payments reform plan.”
Treasurer Josh Frydenberg says the reforms “will firmly position Australia among a handful of leading countries in the world.”
The reform plan is said to be the largest shakeup of the Australian payments system since the 1990s, and some of the groundwork related to cryptocurrencies was established by groundbreaking proposals put forward by an Australian Senate Committee in September.
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