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Australian Senators Call On the Reserve Bank to Back Bitcoin

“Senators in Australia are putting their political differences aside and are banding together to urge the Reserve Bank to back bitcoin as an official currency” writes unknown author for In April, it was reported that the Reserve Bank was studying the blockchain for the financial system.With the digital currency gaining prominence in value and increased adoption it has suddenly become a contender in the financial sector.So much so, that Australia’s lawmakers want the central bank to create its own digital currency and blockchain to use on the market.As part of their efforts to get the central bank on board Dastyari and Hume have formed a group called the Parliamentary Friends of Blockchain.

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