Stephen Conroy, controversial Australian ex-minister, joined insurance-focused Blockchain firm

Stephen Conroy, the former of Minister for Broadband, Communications and the Digital Economy, has become chairman of an advisory board for a Blockchain company focusing on insurance. Stephen Conroy is a member of the Australian Labor Party Senate from 1996 1996, 2016. He has joined Melbourne-based Blockchain company, Day By Day, from December 18.

Blockchain will prove to be “a win-win” for both individuals and the industry

Day By Day is a company that focuses on creating a Blockchain-based asset registration management platform to innovate insurance inventories and address industry claims.


Stephen Conroy, an Australian Labor Party Senate member from 1996–2016 (Image via Crikey)

Commenting on his new role, Conroy said issues of subordinate insurance and fraud insurance, are still important issues for both customers and insurance companies. He said he believes a Blockchain-based property registry will prove to be a game that is beneficial for both individuals and industry.

During his time as a communications minister, Conroy tried to introduce controversial legislation to enforce mandatory internet filtering in 2009.

To suppress child pornography online, this policy will force all ISPs to block any material stored on overseas servers that the Australian Classification Board deems unacceptable. It was eventually withdrawn after a backlash by internet censors critics.

Conroy eventually shied away from this policy after the Board’s blacklist was found to include a heterogeneous mixture of apparently innocuous websites. However, his advocacy of law – other unpopular policy initiatives – led to his culmination as the “Internet villain of the year” at the 11th annual Internet industry awards in the United Kingdom in 2009.

After resigning in the Senate in 2016, Conroy took on the role of responsible Australian wager, an Australian online gambling industry lobbying group.

Crypto-related developments in Australian politics

Speaking at an anti-terrorism conference in Melbourne in November this year, Australian Interior Minister Peter Dutton warned that terrorists are mining cryptocurrencies to fund their deadly missions.

The country’s treasury has broadly created a more restrictive tone, pointing to meager evidence that cryptocurrencies are being used to facilitate black economic activities in Australia.

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