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ARTICLE · 13 APRIL 2021

Blockchain, keychain, digital currencies and more

Piper Alderman
Piper Alderman
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Piper Alderman

Piper Alderman

Helping shape the future of business in Australia with practical, commercial and cutting-edge legal...

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Series of interesting articles on digital currencies.

AustraliaFinance and Banking
Michael Bacina
Michael Bacina
Barbara Vrettos
Barbara Vrettos
Jade McGlynn
Jade McGlynn
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Australian government announces $3M grants to demonstrate blockchain potential
The Australian government has released two grants of up to three million dollars to "develop measures that demonstrate the potential for blockchain to reduce regulatory compliance burden for business." These grants will be used to fund two pilot projects that will take a particular focus on the Critical Minerals sector and the Food and Beverage sector.
According to the government's announcement, the overall objectives of the Blockchain Pilot grants are to:

  • Reduce compliance costs for businesses
  • Ensure buy-in from regulators
  • Bolster blockchain literacy and contribute to the overarching objectives of the national roadmap

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