Crypto Recognition Sequence: Major Governments Shift Their Tone By DailyCoin – Investing.com

  • Date: 24-Apr-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Middle East
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Crypto Recognition Sequence: Major Governments Shift Their Tone By DailyCoin – Investing.com

Crypto Recognition Sequence: Major Governments Shift Their Tone

A few years ago, cryptocurrencies promised one of the most significant technological and financial evolutions worldwide. News of governments embracing blockchain technology and allowing crypto trading were typical.

With time, the trend seemingly died out. Bitcoin's price started receding, but it wasn't long before its influence surfaced again. Today, keeps breaking milestones, and support for the crypto industry continues to grow.

Three countries recently made the news with their decisions about cryptocurrencies. But what does this all mean?

Australia: Willing To Support Crypto

During a discussion on Australian Blockchain Week, a commissioner of the Australian Securities and Investments Commission (ASIC), Cathie Armour expressed the institution's will to support blockchain and digital currencies.

Armour also mentioned that creating a safe environment and improving the country's financial system are priorities. The ASIC believes that blockchain technology and giving access to crypto assets are the proper steps to take.

Showing Interest In Crypto And Blockchain Technology

The Australian government's interest seems to be in both crypto assets and the underlying technology. For the former, they aim to boost consumers' confidence to partake in the market.

However, their views on the blockchain are also notable. The Australian Securities Exchange could adopt distributed ledger technology