Australia’s market regulator, the Australian Securities and Investments Commission (ASIC) is considering a new tactic in regulating digital currency exchanges and raising the monitoring of initial coin offerings (ICOs) to provide better investor protection.
“Blockchain or distributed ledger technology (DLT) is anticipated to bring significant change to the Australian financial services industry,” ASIC said in its corporate plan for 2018–2022. It added developments in the technology are seen to raise efficiencies in data reconciliation, settlements and other middle- and back-office functions.
“For example, the Australian Securities Exchange (ASX) is expected to replace its Clearing House Electronic Sub-register System (CHESS) with a D...
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