Australia’s New Cash Payment Draft Bill Positive For Crypto

The Australian government unveiled a new draft bill which is supportive of digital currencies. In its memorandum: “Digital currency is a new and developing area in the Australian economy. Unlike physical currency, it does not have a firmly established regulatory framework or industry structure. This makes it difficult to apply the cash payment limit in a way that would not largely prevent the use of digital currency in Australia or significantly stifle innovation in the sector.”

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