RBA governor Philip Lowe as he touches on cryptocurrencies in a Q&A session following his speech in Perth
- Bitcoin is speculative mania
That's the last of Lowe's comments in his Q&A session. No surprises that another central banker is quite opposed to the use of digital currencies.
Also in Australia today, cryptocurrency exchanges will now fall under the scrutiny of Australia's financial intelligence agency - AUSTRAC. The new law is designed to monitor anti-money laundering and terrorism funding activities.
More on that here.
