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Australian central bank governor favors private sector crypto technology

Published 07/18/2022, 01:29 AM
Updated 07/18/2022, 03:00 AM
Australian central bank governor favors private sector crypto technology

Australian central bank Governor Phillip Lowe said that a private solution “is going to be better” for cryptocurrency as long as risks are mitigated through regulation.

Lowe commented at a recent G20 finance meeting in Indonesia. Reuters reported on July 17 that officials from other countries discussed the impact of stablecoins and decentralized finance (DeFi) on global financial systems.

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