Bitcoin (BTC) and crypto adoption is booming in Australia. Even the country’s government at times praises the innovative world of crypto and blockchain technology. This time, the country’s finance minister, Jane Hume, is very positive about the largest cryptocurrency
Jane Hume over BTC
According to Hume, digital assets like bitcoin are much more than a temporary popular trend. She argues that crypto and blockchain have the potential to change the world in the future. According to her, Australia should therefore take an active role in the ongoing adoption of crypto in the world.
Recently Hume caught up in an interview with the Australian Financial Review hard on a MP who labeled bitcoin as nothing more than a mania. In the interview she explains why she disagrees with such a statement.
“As an industry, and as a government, we have to recognize that this is not mania.”
Hume believes the government is addressing the issue of cryptocurrencies Approach carefully, but not fearfully. That is why it is important, she says, to recognize that bitcoin is much more than just a popular fad.
Especially the decentralized finance (DeFi) The sector has great potential, according to Minister Hume. For that reason, it would be a big mistake not to embrace the world of crypto and DeFi, says Hume.
“Australia must not be left behind by a fear of the unknown.”
Crypto adoptie
These statements from Australia’s finance minister on bitcoin are just the latest example of a longer trend. It seems that the government of the country is becoming more and more convinced of the possibilities of the crypto industry.
Recently, another government report released stating that a large part of the population of Australia was very interested in cryptocurrencies. In addition, this report provided an insight into the possibilities of crypto adoption for Australia.
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