CryptoQueenBee
Sun Jun 09 2024
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6 answers
1081
Is crypto real money?｜(like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to a central bank digital currency (CBDC).Cryptocurrency does not exist in physical form
Could you clarify for me, is cryptocurrency considered genuine money in the same sense as paper currency? Also, I've heard that cryptocurrencies are not issued by a central authority. Is this accurate? And does this mean they operate on a decentralized control system, unlike a central bank digital currency? Lastly, does cryptocurrency exist in a physical form, or is it solely digital?
Giuseppe
Fri Jun 07 2024
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5 answers
1124
Is Australia crypto-friendly?｜Is Cryptocurrency Legal in Australia? Yes, cryptocurrency is legal in Australia. The country has put up few barriers to investing in crypto assets. Australia's central bank, the Reserve Bank of Australia, has been exploring the creation of a central bank digital currency (CBDC).
Is Australia a crypto-friendly nation? Could you elaborate on the legality of cryptocurrency in Australia? I understand it's lawful there, but I'm interested in knowing how exactly? Has the country set any specific barriers or restrictions on investing in crypto assets? And has the Reserve Bank of Australia, being Australia's central bank, taken any initiative towards developing or exploring a central bank digital currency (CBDC)? I'm keen to understand the Australian perspective on cryptocurrencies.
