An official from the Reserve Bank of Australia (RBA) said at the conference that cryptocurrencies attract the attention of Australian citizens, but their use is not widespread.
In his speech, RBA head of payments policy Tony Richards questioned the reliability of surveys showing high interest in cryptocurrencies in Australia, while also admitting that he has owned a crypto wallet since 2014.
Regarding the Richards crypto wallet, who is skeptical of cryptocurrencies “After all, part of my job is to try to understand new payment tools and technologies” said.
Acknowledging the rapid spread of cryptocurrencies, Richards stated that he does not see cryptocurrencies as a threat to the Australian dollar or the work of the central bank.
“I don’t see them as a threat to the Australian dollar or the Central Bank’s monetary policy.
Cryptocurrencies are spreading rapidly. But I don’t see stores that publish their prices in cryptocurrencies, companies that make their annual reports in cryptocurrencies, or people who want to get paid in cryptocurrencies.”
Richards said that although cryptocurrencies have attracted people’s attention, it is not clear how widespread they are in fact, which is exaggerated with the support and shares of crypto-related celebrities.
A statement about Bitcoin came from Russia as well.
Elvira Nabiullina, the head of the Russian Central Bank, also made a short statement: “We are not against digital financial assets, but they need to be transparent. We believe it is inappropriate to make Bitcoin a legal currency.” used the phrases.
Chairman of the Central Bank of Russia: We believe it is not appropriate to make Bitcoin a legal currency.#Bitcoin #cryptocurrency
— Bitcoin System (@bitcoinsystem) November 18, 2021
*Not investment advice.