Australia’s Central Bank Says Bitcoin ‘Not Really Money,’ No Risk to Financial Stability

Australia’s Central Bank Says Bitcoin ‘Not Really Money,’ No Risk to Financial Stability

The Reserve Bank of Australia has actually provided rather prideful talk about bitcoin at a conference of the House of Representatives Standing Committee on Economics.

According to a report by the Australian Financial Review on Friday, the reserve bank’s aide guv for financial systems, Michelle Bullock, claimed there’s “a lot of fuss over bitcoin.”

The remarks were an action to Queensland Liberal National Party participant Julian Simmonds, that had actually asked the aide guv if the bank saw bitcoin and also cryptocurrencies as a financial risk.

“, there is a lot of discussion about this. We are engaged with other regulators about this,” claimed Bullock in the record.

“With those sorts of coins nothing will happen until the regulators are happy,” she advised.

https://www.bitcoinprofit.app/news/australias-central-bank-says-bitcoin-not-really-money-no-risk-to-financial-stability/?feed_id=7205&_unique_id=601d32bd46f6d