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BitcoinSistemi 2025-03-04 10:44:08

This Country Said It Won't Follow the US and Closed the Doors to Bitcoin and Altcoins!

The US government under Donald Trump continues to take important steps regarding the national cryptocurrency reserve and sets an example for other countries. While some countries are starting to research crypto reserves, some countries are completely closing the door on the issue of reserves. At this point, the Australian government has opposed the idea of a reserve, stating that there are currently no plans to establish a strategic cryptocurrency reserve. A spokesman for Australian Treasurer and Financial Services Minister Stephen Jones said the government is focused on regulating digital asset platforms. Tom Matthews of Australian cryptocurrency exchange Swyftx said the idea of reserves has been popular lately, but it is also fraught with complications. Matthews said the reserve scheme creates a risk of concentration in some tokens over some of the altcoins included if not managed properly. “If one of the main goals of your country's strategic reserve is to protect against crises, the price volatility of the cryptocurrencies to be included is a problem. So I think the more likely scenario for Australia would be to set up a long-only sovereign wealth fund that holds crypto.” As it is known, Donald Trump made a surprise announcement of the national strategic reserve on Sunday. At this point, Trump announced that he plans to establish a reserve that includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and Cardano (ADA) on Sunday. *This is not investment advice. Continue Reading: This Country Said It Won't Follow the US and Closed the Doors to Bitcoin and Altcoins!