Collect your free Bitcoin. Australia becomes a state of FINTECH
Collect your free Bitcoin. Australia becomes a state of FINTECH The Australian government creates favorable conditions for the development of the new economy, built on cutting-edge financial technologies. FINTECH is one of the fastest growing segments in the financial services industry worldwide. Economy Australia has everything you need to create a successful FINTECH-state, and the government contributes to this. In this country rapidly developing online consulting, bitcoin and the blockchain, P2P-lending and crowdsourcing. Scott Morrison, the Minister of Finance of Australia, at the launch of FINTECH accelerator in Sydney told about the complex of measures aimed at creating a new economy of FINTECH. “Financial technologies are fundamentally changing the nature of interaction between consumers and companies, acting as engines of economic activity. In the future they will use more popular. We have become a part of the changes that will occur in the economy. We must prepare for the financial system of the future,” said Morrison. The range of initiatives aimed at promoting the new economy, include plans to abolish double taxation of bitcoin operations, easing restrictions on crowd-funding and reduce tax barriers to venture investment in financial-technology companies. The government is also considering the introduction of a “business visa” and open access to an extensive database of credit reports banking industry for creditors trading platforms. In matters relating to the regulatory framework, the Australian government is going to minimize the barriers of existing financial regulation to attract new projects from non-banking sector. In parallel, members of the Australian Commission of securities and investments (ASIC) has drawn attention to the regulation of consultations in the field of digital financial products. John Price, ASIC representative, says: “ASIC wants to see this dynamically developing sector. We see it as a resource, able to provide Australian consumers access to quality and affordable financial advice. ASIC seeks to help industry take advantage of the wide opportunities for online consultations, ensuring the trust relationship between investors and consumers of financial services”. Source: Bits. media
