#CryptoCorner: Australia and New Zealand Central Banks Not Interested in Issuing Digital Currency, Malta Passes Second Reading of #Crypto Bills and Ukraine to Keep Mining Unregulated
#CryptoCorner: Australia
and New Zealand Central Banks Not Interested in Issuing Digital Currency, Malta
Passes Second Reading of #Crypto Bills and Ukraine to Keep Mining Unregulated
Point Roberts, WA, Delta BC – June 26, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Crypto
Corner – June 26, 2018
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/06261AustraliaNewZealandUkrainMalta.asp
Australia and New Zealand Central Banks Not Interested in Issuing
Digital Currency, Malta Passes Second Reading of Crypto Bills and Ukraine to
Keep Mining Unregulated
The Reserve Bank of Australia (RBA), the country’s
central bank, currently has no intention to issue a central bank digital
currency (CBDC). In a speech to Australian Business Economists in Sydney, the
RBA’s head of payment policy, Tony Richards, affirmed that CBDC was not under
consideration.
“...for the time being at least, consideration of a
possible new electronic form of money provided by the Reserve Bank to
households is not something that we are actively pursuing. Based on our
interactions with our counterparts in other countries, it is also not front of
mind for most other advanced economy central banks.”
Richards, however, concluded the speech by
describing cryptocurrencies as “fascinating” and said that the RBA would
continue to “study their
implications”.
Similarly,
neighbouring country New Zealand’s central bank expressed reluctance to issue a
CBDC. A Reuters report yesterday quotes the Reserve Bank of New Zealand’s
(RBNZ) deputy governor Geoff Bascand at a conference in Auckland, where he
comments on the concern that crypto might subvert the financial order.
“A breakdown
in the financial system can cause enormous economic and social harm. We could
not issue a digital currency if it might undermine financial stability.”
According to a
report from CCN, the Maltese Parliament is passing the second reading of
three cryptocurrency bills today. The bills cover the governing of initial coin
offerings (ICOs), the setting up of a regulatory body and technological
innovation.
These
bills are fast making Malta into a crypto space of choice for investors and
company owners who are interested in finding a favourable jurisdiction to set
up their cryptocurrency or blockchain business. Renowned exchanges such as
Binance, DQR and OKEx have already announced their setting up in Malta.
According
to cryptorussia.ru, crypto mining in Ukraine will remain
unregulated. The report indicated that crypto miners in Ukraine do not
currently require state approval and that their is no appetite to impose
regulation.
To
date, the country's crypto currency can be extracted freely, without special
permission documents, and in the near future such measures will not be taken.
Such information was blunt in response to the official address of the
"Office of Effective Regulation" BRDO.
Sam Mowers, Investorideas
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