Australian Authorities to Invest in Cryptocurrency Research Program | Crypto

Australian Authorities to Invest in Cryptocurrency Research Program

– The Australian government has started researching digital asset opportunities in order to benefit from asset digitalization.
– The Research program is tagged Digital Cooperative Research Program (DFCRC) and was launched officially by Stephen Jones, the Assistant Treasurer and Minister of Financial Services.
– The total fund for the project is 180 million AUD.
– The DFCRC program will run for ten years, and its partners will be up to 25.
– The partners we gathered will come from the central bank, finance, regulatory, and academia.
– Given the governments interest in utilizing digital assets opportunities, the Australian central bank is already in talks with DFCRC.
– It’s not surprising that Australia has started an official program to explore opportunities in digital assets – the country is regarded as a stable and friendly jurisdiction for the blockchain and the operations of digital businesses.

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