Australia Leads the Way in Cryptocurrency Adoption and Innovation
Over 1 Million Australians Own Cryptocurrency
According to a recent study, over 1 million Australians, representing approximately 5% of the country's population, own cryptocurrency. This places Australia among the top countries in the world for cryptocurrency adoption.
Australian CBDC Pilot for Digital Finance Innovation
The Australian government is also taking steps to explore the potential benefits of digital currencies. In partnership with the Digital Finance Cooperative Research Centre (DFCRC), the government has launched Project Atom, an 821KB white paper outlining a pilot program for a Central Bank Digital Currency (CBDC) in Australia.
Australia to Conduct First-of-its-Kind Cryptocurrency Stocktake
In a world-first move, Australia is planning to conduct a comprehensive stocktake of its cryptocurrency sector. This initiative aims to gain a better understanding of cryptocurrency usage, ownership, and risks within the country.
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