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Cryptocurrencies will replace bank accounts, changing how Australians pay for things, according to Australia’s corporate regulator. Within the next 10 years, Greg Medcraft, the chairman of the Australian Securities and Investments Commission, predicts that consumers could live without a bank account as cryptocurrencies replace them. He also thinks in the next five to 10 years central …

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Reserve Bank of Australia Logo

It’s interesting times in the Bitcoin world these days. While more and more countries has decided to go in and officially regulate the Bitcoin and other cryptocurrencies, Australia has gone in the exact other direction and decided officially that they will not be regulating it. The news broke on April 7th, when the Reserve Bank …

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