to reduce transaction costs as well as increase speed and efficiency. According to Austrades Senior Trade and Investment Commissioner Nicola Watkinson, the delegation will lay claim Australias role as a global leader for testing and the development of blockchain technology. As regulators and policymakers, we need to ensure what we do is about harnessing the opportunities and the broader economic benefits not standing in the way of innovation and development, Medcraft added. More importantly, the Australian governments new vision to spur the growth of fintech and the digital currency market would most likely prevent local banks and financial institutions for unfairly denying banking services to Bitcoin businesses and exchanges. According to Black, the initiative will leverage our secure, reliable and fast service to support the authentication of Australian products bound for the Chinese market. This exciting initiative will put Australia at the centre stage of global innovation and digital disruption.
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