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Australian Senators pushing for country to become the next crypto hub

Published 10/23/2021, 01:21 AM
Updated 10/24/2021, 03:00 AM

On Oct. 20, the Australian Senate Committee delivered a groundbreaking report calling for a complete overhaul of crypto legislation and licensing in the country. But, will it achieve its aim of transforming Australia into an international blockchain hub and providing a model for other countries to follow?

Top-down governmental responses to innovation have always been questioned by entrepreneurs. Right now in crypto land as institutional investment flows steadily in and decentralized finance (DeFi) use cases and products have continued to flourish over the past 18 months, many crypto companies are begging for further regulatory clarity.

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Stop de-banking of crypto exchanges

Rejecting the Financial Action Task Force’s (FATF) Travel Rule.

Clearing up the DeFi tax nightmare

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