From crypto to Afterpay, government plans consumer and business change

  • 📰 theage
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 77%

México Noticias Noticias

México Últimas Noticias,México Titulares

The nation’s payment system is rapidly changing in the face of emerging technologies. The Coalition plans sweeping reforms to improve its operation. auspol payments Afterpay cryptocurrency

Everything from the way Australians buy goods and services to their investment in cryptocurrencies will be overhauled over the next 12 months in the biggest change to the nation’s payment system since the heyday of the chequebook.

Mr Frydenberg will use a speech to the Australia-Israel Chamber of Commerce to argue the changes will help the nation’s consumers and investors. Australia’s payment system has undergone sweeping changes in recent years, amid a boom in tap-and-go transactions on smartphones, and buy now, pay later services such as Afterpay.

earlier this year argued the federal treasurer should be given new powers to intervene in the sector, citing the growing role of technology giants including Apple, Google and WeChat. “Given the pace of change and those leading it, if we do not reform the current framework it will be Silicon Valley that determines the future of our payments system,” he will say.Mr Frydenberg will commit the government to regulating the booming cryptocurrency sector, a move he claimed would drive more consumer interest in the volatile digital assets, and promote innovation.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 8. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

From crypto to Afterpay, government plans consumer and business changeEverything from the way Australians buy goods and services to their investment in cryptocurrencies will be overhauled over the next 12 months | swrighteconomy clancyyeates swrighteconomy clancyyeates Do we have to join Amway too? 🙄 swrighteconomy clancyyeates makes you wonder how these credit providers escaped regulation for so long
Fuente: smh - 🏆 6. / 80 Leer más »