We have to acknowledge that crypto is not a fashion, defi offers enormous opportunities - regulation
We have to acknowledge that crypto is not a fashion, defi offers enormous opportunities - regulation
The Australian Senator Jane Hume says we have to recognize that cryptocurrency is not a fashion and adds that decentralized financing (defi) offers enormous opportunities. "We should be careful but not anxious," she said, emphasizing: "Australia must not be left behind by the fear of the unknown."
The Australian senator says that crypto does not disappear and sees "incredible" opportunities in defi
The Australian Senator Jane Hume spoke on Monday at the Australian Financial Review Super & Wealth Summit in Sydney about cryptocurrency and decentralized finances (Defi).
Hume is Australia's Minister for Pensions, Financial Services and the digital economy. She is also the minister of the country for the economic security of women.
With regard to a recently published report by the Australian Senate Committee, in which it is claimed that 17% of Australians invest in cryptocurrency, emphasized Hume: "This is an asset class that has conquered hearts and heads, but also - whatever you think personally - it is a technology that does not work soon."
The Senator emphasized:
As an industry and as a government, we have to recognize that this is not a fashion. We should be careful, but not anxious.
This was not the first time that Hume said that cryptocurrency was not a fad. In May she explained in a similar way: "I would like to clarify: cryptocurrency is not a fashion. It is an investment class that will gain in importance."
During her speech on Monday, Hume also spoke that the country's largest bank, the Commonwealth Bank of Australia (Commbank or CBA), is in Krypto. The bank announced that you start a partnership with the Gemini cryptocurrency exchange has been received "to enable your customers to keep and use Bitcoin and other cryptocurrencies about their 6.5 million user banking app," said the Senator. "This will make CBA the first Australian bank - and one of only a few banks worldwide - that customers offer this kind of access."
In addition, the CEO of Commonwealth Bank, Matt Comyn, said last week that, while "We risks in participation" see Krypto, "we greater risks in do not participate . "
Hume also discusses decentralized financing (Defi). "Decentralized finance based on blockchain technology will offer incredible possibilities," she said, emphasizing that "Australia should not be left behind the fear of the unknown". The senator said:
decentralized finance or defi is an emerging and rapidly developing area of financial technology that offers enormous possibilities.
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