Australian federal government will implement a "token mapping" exercise to inform future regulation of the country's crypto assets, laying the groundwork for "determining how crypto assets and related services should be regulated," according to Bloomberg.
Australian Treasurer Jim Chalmers said the government would prioritize the implementation of the "token swap" campaign by the end of this year, which aims to study Australia's regulatory and licensing framework for handling and operating cryptocurrency-related assets and review the custody of third-party custodians of crypto assets, obligations and corresponding consumer protection measures.
Jim Chalmers said:
"With the increasingly widespread proliferation of crypto assets -- to the extent that crypto advertisements can be seen plastered all over big sporting events -- we need to make sure customers engaging with crypto are adequately informed and protected."
The campaign was brought up by the Senate last year, where Prime...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...