• blockchain Australian financial regulatory burden
    Regulation,  Technology

    Australian senator says use blockchain technology to ease financial regulatory burden

    Sen. Andrew Bragg argues that blockchain can help make the Australian financial sector more competitive

    Australian Sen. Andrew Bragg said blockchain "may well be the solution to one-touch government with international transactions in real-time. It will eliminate our time zone problem, which has been a problem for Australia over the long run… Blockchain technology can streamline regulatory processes, reduce fraud, and reduce costs to regulatory compliance and administration."