national digital currency promised for some time becomes official with this move by the fascists in australia. imagine how they could and will cut you off from buying and selling without the mark of the beast, as i've been speaking of for some time;

Australia is planning to have a digital currency issued by its central bank and regulate the crypto market in a bid to overhaul how the nation’s consumers and businesses pay for goods and services.

Treasurer Josh Frydenberg stressed the need to reform Australia’s current framework to prevent Silicon Valley from determining the future of its payments system.

Frydenberg earlier said that the government will consider a digital version of cash that will be universally accessible. It will also consider a licensing framework that will allow crypto transactions within a regulated environment.

“These are significant shifts which we need to be in front of,” Frydenberg said.

The Reserve Bank of Australia and some of its biggest global peers are trying to come to terms with emerging payment technologies pioneered by tech giants, including China’s Ant Group Co.

Meta Platforms Inc.’s Diem project is building a global payments network to service its own stablecoin – digital assets that attempt to peg their value to something like the U.S. dollar – or central bank digital currencies.

The Australian Taxation Office pegged the number of Australians who transacted using digital assets in 2018 at 800,000. The figure is currently bigger.

There is no doubt that the rapid growth of cryptocurrencies, which are distinct from digital ones issued by central banks, poses a potential threat to monetary regimes and adding urgency to debates on handling cross-border money transfers. .......read more.........