Representatives of the Central Banks of Australia and New Zealand denied that institutions will issue their own crypto-currencies at the June 26 meeting.

You may also like : Fidelity Investments plans to create its own crypto currency exchange

You may also like : Singapore entrepreneur acquires the Japanese Crypto currency Exchange BitTrade

Turning to Australian economists in Sydney, Tony Richards, the head of the Reserve Bank of Australia’s payment policy, turned out to be militant against the Crypto Currency, although the Australian government is devoting significant resources to researching blockchain technology.

“For us, this is not the most important priority, but we will continue to work on this ,” he said about releasing his own token from the bank.

You may also like : Colombian football player James Rodriguez in partnership with SelfSell will issue its own crypto currency

In the Australian budget for 2018-19. allocated more than half a million dollars for the development of the blockchain.

Richards himself expressed a mixed impression about bitcoin, criticizing his network.

“Nine years after its launch and about five years after it entered the public consciousness, bitcoin still has structural flaws that make it unsuitable for many uses, many of which are associated with its ineffective verification process , – he continued.

“These risks are recognized, crypto-currencies and distributed registers are exciting prospects for both the payment system and the entire economic system.”

Meanwhile, in neighboring New Zealand, central bankers also expressed concerns about their own token, remaining unsure of its “undeniable advantages,” Reuters reports .

You may also like : Argentine Bank can replace SWIFT with a crypto currency

You may also like : The former head of VISA joined the new crypto currency startup

The post Central banks of Australia and New Zealand do not plan to launch their own crypto-currencies appeared first on Pypur.com.