Computershare, one of the main share registry companies in Australia, told the FT it was seeking a two-year delay in implementation because the project to overhaul critical systems lacked clarity.
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ASX users urge Australian exchange to delay blockchain project
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A delay of this order would be a blow to the ASX, which became the first big stock exchange around the world to commit to using so-called distributed ledger technology — which underpins bitcoin and other digital currencies — for clearing and settlement in 2017. The new system would enable customers “to develop new services and reduce their costs”, and would “put Australia at the forefront of innovation in financial markets”, the ASX said at the time.
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