Australia's Financial System Undermined
This is a Australia news story, published by Guardian, that relates primarily to Jim Chalmers news.
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Australian economyGuardian
•If crypto is incorporated into Australia’s financial system, we will be lucky to avoid contagious collapse | John Quiggin
73% Informative
Jim Chalmers has suggested that Australia 's financial system will not be insulated from a crisis that seems all too likely to emerge in the next few years .
The real problem is that crypto is essentially worthless, writes John Quiggin .
Chalmers' statement includes a promise of legislation for “payment stablecoin” reforms, but it is hard to see how Australia can regulate a global firm like Tether .
VR Score
76
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