Australia has highlighted key factors for facilitating the adoption of cryptocurrencies
The Australian government is studying the digital economy and is committed to educating citizens in this area
02.03.2022 - 15:05
381
1 min
0
What’s new? Australia’s Department of Home Affairs has released a study titled “Exploring Cryptocurrencies,” highlighting the rise in cryptocurrency use associated with the country’s rapid transition to a digital economy. The Federal Advisory suggested exploring four key areas to help ensure the safe adoption of cryptocurrencies in Australia: minimum cybersecurity standards, capacity availability (through specialized training), a “follow-the-lead” approach, and operator transparency.
The study by Australia’s Department of Home Affairs
What recommendations did the advisory committee make? The committee suggests paying attention to the minimum cybersecurity standards for the cryptocurrency exchanges and Australian businesses owning cryptocurrencies to mitigate threats. In addition, it is recommended that the public and professionals be made aware of the capabilities of cryptocurrencies and the cybercrimes associated with them. This approach to raising public awareness of the digital economy is called “follow-the-lead.” The committee stresses that cryptocurrencies are inherently pseudo-anonymous and emphasizes:
“Educational programs with accurate, consistent messaging will allow investors to better understand both the investment and cybersecurity risks while helping to demystify cryptocurrencies for all Australians.”
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$99 152
BTC
+2.4%
-
Ethereum
$3 418.89
ETH
+9.02%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.4
XRP
+26.14%
-
Dogecoin
$0.396627
DOGE
+2.16%
-
Cardano
$0.89393
ADA
+12.71%
-
Bitcoin Cash
$495.67
BCH
+3.87%
-
Polkadot
$6.25
DOT
+9.52%
-
Stellar XLM
$0.287265
XLM
+20.43%
-
Litecoin
$90.95
LTC
+5.49%