Australian Treasurer: Cryptocurrency can help modernize Australias financial system

CoinRank News: Australian Treasurer Jim Chalmers said that cryptocurrencies can help modernize the countrys financial system and should not be hindered by excessive regulation. Trump has prompted a reassessment of the importance of the crypto industry, but he also admitted that concerns about criminals using cryptocurrencies are reasonable. However, Jim Chalmers seems to contradict the views of Michele Bullock, governor of the Reserve Bank of Australia (RBA), the central bank of Australia, who has said that cryptocurrencies such as Bitcoin have no place in the Australian economy or payment system. (News.bitcoin)