Australia’s Central Bank saw risks in the launch of the digital dollar


Australia’s Central Bank saw risks in the launch of the digital dollar

With the Reserve Bank of Australia see no grounds for issuing stablon tied to the Australian dollar. This was announced by the assistant head of the Central Bank, Michelle Bullock.

During his speech at a financial conference Sibos in 2018 in Sydney, she noted that there are certain risks in the event of the issuance of such coins. Among them are the inability to regulate transactions with such assets and shortcomings behind them technology.

Supporters launch digital dollar must provide the regulator a compelling list of benefits of cryptocurrency before Fiat money. Only in this case, the Central Bank can change your attitude.

About ready to release stablon tied to the Australian currency, said startup Novatti. His representative, Peter cook, claimed that the coin provided by the local dollar could be used for payment of goods and services in the domestic market.

In June, the Central Bank of Australia has reported that he has no plans to release the cryptocurrency. However, analysts of the regulator will continue to study the potential of the digital currency, added the head of Department of management of payments of the Central Bank of Tom Richards.

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