The Australian government has devised a new policy to checkmate citizens’ access to cryptocurrency, especially Bitcoin. It has introduced a social credit system based on unique digital identifications before its citizens can access the web or perform any digital-related transactions…In a shock move, Australian regulators recently launched what many economic analysts consider a communist-based policy. According to the new law, citizens must have 100 points of ID before using social media. Additionally, the Authorities will have access to residents’ accounts, including their private messages.