Australian Senator Says DeFi Is Here To Stay, And Australia Must Not Be Left Behind

Australian Senator Says DeFi Is Here To Stay, And Australia Must Not Be Left Behind


Jane Hume, an Australian politician, spoke about Decentralized Finance (DeFi) on Monday at the Australian Financial Review Super & Wealth Summit in Sydney.

In her speech, she referenced the Reserve Bank of Australia (RBA) calling crypto a fad. And she emphasized that it most certainly is not. She further urged policymakers to cautiously embrace blockchain technology like DeFi rather than act fearfully – because it is not going away anytime soon.

Related Reading | Crypto Is Set To Dominate Australian Financial Industry In Less Than 10 Years

The Liberal Party Senator explained that DeFi would present incredible opportunities. And Australia must miss out on these opportunities for fear of the unknown.

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DeFi Is Not Going Away

The Senator’s speech comes just days after Tony Richards, the Reserve Bank

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