Australian Finance Regulator Launches Blockchain Research Effort
An Australian financial regulator has opened a new innovation centre dedicated in part to blockchain research. According to AUSTRAC – the Australian Transaction Reports and Analysis Centre – its innovation hub is aimed at exploring new technologies like blockchain in partnership with private-sector firms. As part of the initiative, it also plans to open a regulatory 'sandbox' in which firms can test new financial products. The hub is part of a broader effort focused on financial intelligence, launched last week by AUSTRAC, aimed at reducing money laundering. The agency said in a statement:....
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