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Bitcoin to Become an Official Currency in Australia

The two Australian legislators demand Reserve Bank of Australia to make bitcoin as an official currency.

According to the report of Sydney Morning Herald on Tuesday, the representative of assembly Liberal Senator Jane Hume and Labor Senator Sam Dastyari demand from the central bank of Australia to “embrace bitcoins as an official form of currency.” According to them, Australia should give emphasis on both cryptocurrency and blockchain.

As per the publication, Sam Dastyari said:

“This will be a revolutionary leap for the Reserve Bank and for Australian financial institutions. What we want to do here in Parliament is to create the political environment to allow that leap to occur.”-bitcoin.com

The Reserve Bank of Australia is working on an improvement of tech in the country by establishing internal committee focusing on it. All other members of Australian Parliament are also supporting blockchain initiative and working on an idea of expanding usage of cryptocurrency in the country.

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