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Tuesday, June 11, 2024
HomeCryptoAustralian MP says country needs blockchain 'more than ever'

Australian MP says country needs blockchain ‘more than ever’

Charlton said blockchain has the “unique ability” to improve many industries, including healthcare, tax collection, real estate and voting.

It can improve supply chains by providing real-time transparent product tracking and delivery, while also revolutionizing financial transactions by reducing intermediaries and transaction times.

But Charlton is unhappy with the Australian government’s slow progress in digital asset regulation.

“We have the power to be a leader in responsible digital asset innovation,” said Charlton. “But the truth is that right now, we are not seizing this opportunity.”

Currently, Australia has not passed any specific cryptocurrency laws.

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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