Major Australian Banks Eyed by Government To Block Blockchain Monopolization

Major Australian Banks Eyed by Government To Block Blockchain Monopolization

Australian banks, both government funded and commercial institutions, demonstrated the tendency to manipulate certain industries and companies in order to gain monopoly over the market in the past year. The national government is closely eyeing these banks to ensure that the Blockchain market is free from excessive control. In early 2016, Australian banks and financial institutions banned bank accounts of Bitcoin without any prior notice or formal explanation. According to the banks, this was a part of a larger initiative to gain control and establish a Blockchain market in Australia. As....


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