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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The deputy governor of the South African Reserve Bank (SARB) has said that it would be ‘too risky‘ to start issuing its own digital currency. Speaking at the Strate GIBS FinTech Innovation Conference 2017, Francois Groepe, the deputy governor of the South African Reserve Bank, commented on the development of a digital currency such as bitcoin. …
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A U.K. government agency is reaching out to blockchain startups in a competition that is focused on digital health solutions. In a notice from Innovate UK, a nondepartmental public office that is designed to promote innovation through grants and investments, it is offering up to £8 million for U.K. businesses to work on innovation projects …
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