Australia is beginning a review of cryptocurrency assets in the country to help better understand and regulate the industry.
Prime Minister Anthony Albanese’s government will make “token mapping” a priority this year to help identify which digital asset tokens are being used in Australia and how they should be regulated, Treasurer Jim Chalmers said in a statement on Monday, adding that a public consultation paper on the matter would be released soon.
Chalmers said the new Labor government would first look at gaps in Australia’s regulatory and licensing frameworks, as well as review organizational structures and examine custody obligations for third-party custodians of crypto assets. It would also look at additional consumer safeguards.
“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...
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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...