Are you interested in the cryptocurrency market of Australia and Oceania, but you do not know where to look for the latest, reliable information? You've found the right place, then! On the Tokeneo News website you can find the most vital news from this region. Australia is a great place for the development of the markets of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Monero (XMR) or Ripple (XRP), and for the implementation of the blockchain technology for everyday use. Because of that we have prepared a category dedicated to Australia and Oceania, in which you will find the most essential news from that part of the world.
Are you aware of the fact, that this country is one of the most-friendly towards the blockchain and cryptocurrency technologies? It not only recognizes cryptocurrencies as a legal means of payment, but also develops a national blockchain designated for national entrepreneurs. If you want to be up to date with the crypto market information from this region, visit the 'cryptocurrencies - news from Australia and Oceania' tab. You can read there about the current legislative situation regarding the crypto, new business initiatives and the largest crypto events.
Australia is a country that accepts cryptocurrencies with open arms. In 2018, the nation started working on a national blockchain, which will be dedicated to national enterprises. The actions are to be taken by the Commonwealth Scientific and Industrial Research Organization. The agency was founded in 1916 and since then has been contributing to research, innovation and inventions. Their portfolio includes for example insect repellents, Wi-Fi technologies and polymer banknotes. What is interesting, is the fact, that in 2017 a branch dedicated to cryptocurrencies exclusively was established. The Data61 team will be developing blockchain in cooperation with IBM's IT big shot and with the assistance of a British-Australian legal company called Herbert SmithFreehills. The development of a blockchain named "Australian National Blockchain" will be the result of the joined forces of these institutions.
The Australian project's goal is to introduce the use of smart contracts, and all of this in order to better secure business deals and transactions. According to the announcement, ANB is a step towards the popularization of the Internet of Things. Their activities aim to connect everyday processes with the Internet. Australian Blockchain will be fully legal in relation to local law.
This is not everything - the Australian Stock Exchange (ASX) has been working since 2017 to replace the current capital transaction processing system with blockchain. The date of launching the transition to the new system was set for the second quarter of 2021. This shows that the authorities from Antipodes cast away the suspicions concerning the cryptocurrency. Australia recognized Bitcoin as a legal means of payment in September 2017.