PANews January 1 news, according to News.bitcoin, Australia's Treasury Minister Jim Chalmers stated that cryptocurrency helps modernize the country's financial system and should not be hindered by excessive regulation. Trump has prompted people to reassess the importance of the cryptocurrency industry, but he also acknowledged that concerns about criminals using cryptocurrency are valid. However, Jim Chalmers seems to contradict the views of the Governor of the Reserve Bank of Australia (RBA), Michele Bullock, who has said that cryptocurrencies like Bitcoin have no place in the Australian economy or payment system.