A clear principles-based regulatory approach to the digital assets sector could be a huge benefit to the Australian economy according to the report. Up to $40 billion a year (AU$60 billion), could be added to Australia’s national GDP with the right regulatory framework and could lead to enormous cost savings for consumers and businesses according…
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Australian crypto entrepreneur Fred Schebesta said Australia already has a “fledgling” crypto industry but needs to “align with the other major markets.” Australian crypto entrepreneur and investor Fred Schebesta has described the Australian government’s prioritization of token mapping as “wonderful,” but warns that rushing it could lead to detrimental effects on the economy. Schebesta’s comments…
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Australia intends to do a virtual stocktake of cryptocurrency assets held by its citizens, the new executive power in Canberra announced this week. The move is viewed as an indication that the center-left government plans to regulate the country’s crypto space. Treasury Embarks on ‘Token Mapping’ to Underpin Crypto Regulation in Australia As part of…
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Australian Treasurer Jim Chalmers said that his government will improve the way Australia’s system manages crypto assets and provide greater protections for consumers. Three months after being elected into power, the Australian Labor party has finally broken its silence on how it’s planning to approach crypto regulation. Treasurer Jim Chalmers announced a “token mapping” exercise,…
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“Blockchain and crypto will underpin our future global financial systems,” said the new board member. Rosa Gumataotao Rios, the 43rd treasurer of the United States, will be joining Ripple’s board of directors. In an announcement from Ripple today, the company said Rios, who served as the U.S. treasurer from 2009 to 2016 under President Barack…
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