{"id":104610,"date":"2020-11-04T11:54:31","date_gmt":"2020-11-04T08:54:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/australian-senator-says-blockchain-can-make-financial-compliance-easier\/"},"modified":"2020-11-04T11:54:31","modified_gmt":"2020-11-04T08:54:31","slug":"australian-senator-says-blockchain-can-make-financial-compliance-easier","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/australian-senator-says-blockchain-can-make-financial-compliance-easier\/","title":{"rendered":"# Australian senator says blockchain can make financial compliance easier"},"content":{"rendered":"

“# Australian senator says blockchain can make financial compliance easier <\/strong>”
\n<\/p>\n

Australian Liberal Senator Andrew Bragg thinks that blockchain technology<\/a> can solve a number of major regulatory issues in his home country.<\/p>\n

According to Bragg, blockchain technology could become a useful tool in reducing complications associated with financial regulatory compliance and transparency. \u201cThe future is technology by blockchain,\u201d the senator said at an online panel of the Future of Financial Services 2020 conference, ZDNet reported<\/a>\u00a0on Nov. 4.<\/p>\n

Bragg said that blockchain-powered instant cross-border transactions \u201cmay well be the solution to one-touch government with international transactions in real time.\u201d<\/p>\n

The senator stated that blockchain tech can solve major problems associated with time zones, regulation and fraud:<\/p>\n

\u201cIt will eliminate our time zone problem, which has been a problem for Australia over the long run […] Blockchain technology can streamline regulatory processes, reduce fraud, and reduce costs to regulatory compliance and administration.\u201d<\/p><\/blockquote>\n

During the conference, Bragg also highlighted the importance of expanding Australia’s global competitiveness in the financial sector, particularly with regard to Singapore.\u00a0<\/p>\n

Bragg has served<\/a> as a senator for New South Wales since 2019, emerging as a major blockchain-friendly official in Australia.<\/p>\n

In September 2020, Bragg contributed to a report by the Australian government\u2019s Senate Select Committee, which predicted that all fintech companies will use blockchain within 10 years.\u00a0<\/p>\n<\/div>\n

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For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n

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If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Australian senator says blockchain can make financial compliance easier ” Australian Liberal Senator Andrew Bragg thinks that blockchain technology can solve a number of major regulatory issues in his home country. According to Bragg, blockchain technology could become a useful tool in reducing complications associated with financial regulatory compliance and transparency. \u201cThe future is…<\/p>\n","protected":false},"author":1,"featured_media":104611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/06c233fd-70d8-4419-91a5-28663ac4031d.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74880,20358,70610,71006,71511,4965],"class_list":["post-104610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-transactions","tag-australia","tag-finance","tag-fraud","tag-government","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/104610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=104610"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/104610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/104611"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=104610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=104610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=104610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}