TechFlow news — On November 18, according to Decrypt, Michele Bullock, Governor of the Reserve Bank of Australia, criticized cryptocurrencies at the Australian Securities and Investments Commission (ASIC) annual forum, stating that digital assets such as Bitcoin have no role to play in Australia's economy.
"Don't call it alternative money—it's not money, it's an asset class," Bullock said. "I don't see a role for it in the Australian economy or payment system." Despite regulatory skepticism, local market interest in digital assets continues to grow. Monochrome Asset Management, an Australian firm, announced last month plans to launch Australia’s first spot Ethereum exchange-traded fund (ETF) on Cboe, aiming to meet investor demand.
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