Australia could also have its own central digital currency, backed by the reserve bank | 7NEWS

7NEWS Australia published this video item, entitled “Australia could also have its own central digital currency, backed by the reserve bank | 7NEWS” – below is their description.

Australia could release its own crypto currency to rival Bitcoin as it tries to wrestle back control of emerging financial systems.

The federal government’s proposing new laws to protect consumers with more than half of Australians now using their phones to pay.

7NEWS Australia YouTube Channel

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About This Source - 7NEWS Australia

Seven News is the television news service of the Seven Network and, as of 2016, the highest-rating in Australia. The news service draws upon overseas channels for select international coverage. The network’s Director of News and Current Affairs is Craig McPherson.

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Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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