The IPA's Gideon Rozner says Bitcoin is a fully decentralised form of currency that allows the public 'to take control of our wealth and our money in a way that has never been done in human history before'.
The IPA's Gideon Rozner says Bitcoin is a fully decentralised form of currency that allows the public "to take control of our wealth and our money in a way that has never been done in human history before".
"It's being adopted in places like El Salvador that lack banking infrastructure but it's also being adopted in countries with a history of unstable currencies like Nigeria, Venezuela, and Argentina," he said. "So I suspect a lot of the developing world and the developed world for obvious reasons will use it as a hedge against inflation. "The bottom line is, it's looking at a currency future without central banks, without institutional banks, without retail banks..
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Race guilt and race shame are now ‘taking hold’ in Australia: Andrew Bolt | Sky News AustraliaCritical race theory is not about justice and equality, it is about “racial vengeance,” according to Sky News host Andrew Bolt.\n\n“The threat to our freedoms, to our values, it doesn’t just come from outside,” Mr Bolt said.\n\n“There’s also plenty of people inside the west who don’t think the west is actually worth defending.\n\n“Who think it’s evil, oppressive, racist, dominated by white people who are rotten to the core.\n\n“I’m telling you, this is coming … it’s this new anti-white racism, or critical race theory.”\n\nMr Bolt said we are seeing more and more white people “react in one of two terrible ways – both also racist”.\n\n“Some resort to the very same racism themselves, they fight anti-white racism with anti-black racism, it’s tribal,” he said.\n\n“Other whites surrender, as members of the guilty race, some literally kowtow to their black neighbours.\n\n“This is what is now taking hold in Australia, race guilt, race shame, judging people by their race, white people bad.\n\n“And this is the country that now – with China rampant - calls on its people to defend it. Good luck.”\n
Read more »
The left is ‘taking over’ private companies to push an agenda ‘against freedom’ | Sky News AustraliaLNP Senator James McGrath says the left have not only taken over public institutions, but also private companies to push an agenda “against freedom”.
Read more »
Whatever happens in the Indo-Pacific, 'it can't be Australia alone' | Sky News AustraliaAustralian Strategic Policy Institute's Peter Jennings says whatever is going to happen in terms of security in the Indo-Pacific, 'it can't be Australia alone'. \n\n'This is only something we will only be able to deal with if we have the United States here in significant numbers if we're working very closely with Japan, and hopefully India,' he said.\n\n'Australia alone, with six subs or twelve subs, we're not going to be a match for the power that is being assembled in the People's Liberation Army Navy and that's frankly just a reality of the power between various countries.\n\n'I knew from the minute Malcolm Turnbull announced the preferred design of the ships a few years ago we were going to have to upgrade the Collins class and that those submarines would actually be the pointy end of the deterrence spear for at least the next 10-15 years.'\n\n
Read more »
‘Bureaucratic red tape’ slowing down vaccine rollout: Pharmacy Guild of Australia | Sky News AustraliaPharmacy Guild of Australia President Trent Twomey says “bureaucratic red tape” is slowing down the vaccine rollout as pharmacies continue pleading with governments to allow them to administer vaccines.\n\nWhile 49 pharmacies in rural and regional Queensland are already delivering jabs, pharmacists in New South Wales, Victoria, and Western Australia are still waiting to be given the green light despite many applying to join the rollout in February.\n\nAccording to Mr Twomey, the reason why pharmacists were not involved in phase 2A of the vaccine rollout is simply because of “bureaucratic red tape”.\n\n“We had the national strategy approved… all the way back in January; National Cabinet endorsed it again in April,” he told Sky News host Peta Credlin.\n\nDespite a “legitimate delay” in terms of vaccine supply, there is now “everything but excuses” as to why pharmacies are not aiding the rollout effort.\n\n“We should be leading the pack in our vaccination rates,” Mr Twomey said.\n\n“It’s just not good enough.”\n\n
Read more »
Japan shows it’s a ‘strong ally’ of Australia by supporting pushback against China | Sky News AustraliaSky News Business Editor Ross Greenwood says Japan is showing it is a “strong ally” of Australia by supporting pushback against China, particularly for it’s bans on Australian goods. \n\nPrime Minister Scott Morrison has always said China’s bans on Australian goods should be adjudicated within the World Trade Organisation and will have the chance to make his case at the G7 summit, according to Mr Greenwood. \n\n“He’s certainly assisted and aided in this by not only the United States … but also by Japan, again giving assistance to Australia and saying … there’s got to be pushback against China, against its taking over of islands and parts of the South China Sea,” he said. \n\n“But also, when it comes to dealing with trade with Australia. \n\n“Japan, by doing this, clearly again is showing itself to be a strong ally of Australia right now and this is key if Australia is to get itself back on track with China … in terms of trade”. \n
Read more »
China criticism proves Australia and Japan are a 'united front' | Sky News AustraliaWest Australian Political Journalist Sarah Ison says Australia and Japan’s joint statement in opposition to China’s coercive behaviour presents a “united front” ahead of the G7 summit. \n\nThe joint statement - which comes after two hours of virtual meetings between Australia’s Foreign Affairs Minister Marise Payne, Defence Minister Peter Dutton and their Japanese counterparts - labelled China’s economic behaviour as undermining “the rules-based international system”.\n\nMs Ison says the declaration was “a really pointed statement” against Beijing.\n\n“It was very much the two countries coming together and presenting something of a united front in this statement and it no doubt has already gained criticism from China,” she told Sky News.\n\n“We’ve had a lot of comments and the confirmation that the geo-strategic competition that we’re facing right now will be discussed and that’s code for China’s rise and the competition particularly with the United States.\n\n“Last year Australia had a really tough year with China … and the world was really watching on with apprehension and a lot of worry about what is being deemed as economic coercion, so I think those discussions about where to from here will be had and will be had on the side-lines of the G7.”\n
Read more »