We are clearly, more likely to give [virtual asset service provider (VASP)] licenses to banks that already exist if, at all, there will be trading; if they will be allowed to trade in these virtual currencies. By the way, if virtual currencies were to replace gold-if you believe Google-the overall supply of gold is $ trillion globally.
•  The Bank has commenced a major review of the payments system in Papua New Guinea. Review of the payments system is necessary for a sound and efficient system that will reduce costs to businesses. The review will cover different forms of payments, clearing-house, currency banknotes and coin distribution and withdrawal methods.