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Treasurer Josh Frydenberg has announced a payments and cryptocurrency asset 'reform plan' he says will put Australia at the front of the pack.
'It represents the most significant reforms to our payments system in 25 years,' he will tell the Australian-Israel Chamber of Commerce (AICC) on Wednesday.
The technology sector is already estimated to be generating $167 billion in output and employing more than 850,000 Australians.
With more than 220 million participants, global cryptocurrency assets are now worth more than $US2 trillion ($A2.8 trillion).
Treasurer Josh Frydenberg has announced a payments and cryptocurrency asset 'reform plan'
'Australia has an opportunity to be among the leading countries in the world in leveraging this new technology," he will say, joining fellow
