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Commonwealth Bank of Australia Interested in Crypto, but “Long Way to Go” in Australia!!!

🌲Australia’s biggest financial institution, the Commonwealth Bank of Australia, have announced several ongoing projects in the Web3 space.
🌲In particular, CBA is experimenting with stablecoins and tokenisation for settling transactions both locally and internationally.
🌲However, the team’s head of digital assets claims that there’s still a long way to go before blockchain technology is prominent in Australia.
🌲Politicians must be willing to update older legislation before national regulators can begin to foster innovation within the country.

Commonwealth Bank of Australia Interested in Crypto, but “Long Way to Go” in Australia!!!

🌲Australia’s biggest financial institution, the Commonwealth Bank of Australia, have announced several ongoing projects in the Web3 space.
🌲In particular, CBA is experimenting with stablecoins and tokenisation for settling transactions both locally and internationally.
🌲However, the team’s head of digital assets claims that there’s still a long way to go before blockchain technology is prominent in Australia.
🌲Politicians must be willing to update older legislation before national regulators can begin to foster innovation within the country.


https://cryptonews.com.au/news/commonwealth-bank-of-australia-interested-in-crypto-but-long-way-to-go-in-australia-123544/

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