Foreign media: Australian government officials and regulators still believe that using cryptocurrencies is not a viable option

According to Coingeek, regulators and government officials have recently discussed a controversial bill in the Australian Senate: prohibiting cash payments of more than $ 10,000 ($ 6,900). Senator Rex Patrick asks regulators: "As a result of this bill, if it puts people into the digital cryptocurrency space, aren't we in a position to drive criminals out of sight?" AUSTRAC A senior official, Kathryn Haigh, said that “displacement is always a risk,” and what AUSTRAC has done since April 2018 is to regulate digital currency exchanges. Although there is still controversy and uncertainty about how to handle the traceability of cash, it can be seen that government officials and regulators still consider using cryptocurrencies as a less viable option.