Australia 'Risks' Falling Behind as RBA Governor Rejects Crypto's Financial Role

Quick Summary:

Australia's reluctance to embrace crypto innovations "risks" the country's chance to lead in the global economy, a local leader said Sunday.

Monochrome Asset Management announced plans last month to launch Australia’s first spot Ethereum exchange-traded fund (ETF) on Cboe, seeking to capitalize on rising investor demand.

Despite regulatory caution in Australia, the local market is showing increasing interest in digital assets.

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Article Details

Author / Journalist: Vismaya V

Category: Crypto

Markets: EstoniaAustralia

Topics: Coins Digital assets Banking Reserve Bank of Australia Crypto regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 06:51:42 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 23652029

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 5 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 13 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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