With the Australian government announcing a new cryptocurrency regulatory regime on Monday, and news in April that the U.K. government will introduce new regulations for stablecoins, steps are being taken around the globe to monitor and control the fast-moving digital asset industry, under the guise of consumer protection.
Australian Treasurer Jim Chalmers said in a statement that the “Treasury will prioritize ‘token mapping’ work in 2022, which will help identify how crypto assets and related services should be regulated.” (Mapping is a strategy that would account for a cryptocurrency’s underlying code and actual use when classifying an asset – theoretically allowing Australia to take a more flexible approach to digital asset oversight.)
Back in April, The U.K. Chancellor of the Exchequer, Rishi Sunak, stated, “We want to see the businesses of tomorrow – and the jobs they create – here in the U.K., and by regulating effectively we can give them the confidence they need to think 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...