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The Australian Federal Government is keen to better regulate payments made with digital currency. How will this benefit average Australians?

An advertisement for Bitcoin, one of the cryptocurrencies (AAP)

An advertisement for Bitcoin, one of the cryptocurrencies (AAP) Source: AAP

The Australian Federal government has announced a plan to regulate digital payment methods, including cryptocurrency assets.


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Updated

By Ricky Kusumo, Sofija Petrovic, Biwa Kwan

Presented by sri dean

Source: SBS




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The Australian Federal government has announced a plan to regulate digital payment methods, including cryptocurrency assets.


Treasurer Josh Frydenberg says it'll be the largest reform to Australia's payment system in 25 years.  The hope is that in future cryptocurrency exchanges customers who make cryptocurrency payments or investments will be protected by law.

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