The Reserve Bank of Australia has delivered somewhat dismissive comments on bitcoin at a meeting of the House of Representatives Standing Committee on Economics. According to a report by the Australian Financial Review on Friday, the central bank’s assistant governor for financial systems, Michelle Bullock, said there’s “a lot of fuss over bitcoin.” The comments were a response to Queensland Liberal National Party member Julian Simmonds, who’d asked the assistant governor if the bank viewed bitcoin and cryptocurrencies as a financial risk. “[Bitcoin] is not a payment instrument and it’s not even really money,” said ... (full story)