Victoria govt eyes blockchain’s potential

State’s department of economic development joins digital currency association.

By Rohan Pearce
June 8, 2017

The ASX is preparing to make a decision on whether DLT can replace its CHESS system (CHESS provides clearing, settlement and asset registration services for the exchange).

Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), says it expects the potential uses of DLT to grow "exponentially" over time. The federal government plans to change the tax treatment of Bitcoin and similar digital currencies from 1 July.

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