Some of the largest traditional financial institutions in Australia have been limiting and blocking funds transfers to cryptocurrency exchanges citing rising scams and fraudulent activities.
But Caroline Bowler, former bank employee and incumbent chief executive officer of BTC Markets, one of the oldest exchanges in the nation, said that she believes the nation can still be a crypto hub in the region due to the well-established and regulated local traditional financial infrastructure that crypto can easily be molded into.
In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Bowler highlights the importance of all stakeholders including legislators, institutions, and the crypto industry in coming together to propel Australia into the blockchain economy.
