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RBA warns Aussies over punting on ‘fad driven’ cryptocurrencies
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The Reserve Bank of Australia (RBA) has warned Aussie investors about speculating on digital assets as it casts doubt over the entire crypto sector.
During a Nov. 18 address to the Australian Corporate Treasury Association, the RBA’s head of payments policy Tony Richards offered an overview on distributed ledger tech, crypto assets, stablecoins, and central bank digital currencies (CBDCs).
In his speech, Richards raised questions over crypto’s validity and growth in 2021 as he took aim at the
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