- Blockchain Australia recommends safe harbor conditions for cryptocurrency providers.
- Calls for a unified approach to regulating digital assets in the country.
The regulatory framework in Australia for crypto falls short when it comes to derivatives trading. This is an opinion shared by a leading blockchain industry body based in the country. As such, Blockchain Australia (BA) proposes options to ensure effective regulation of the digital finance space.
BA responded to a request by the Australian senate select committee. The firm gave its advice on how to improve Australia’s standing as a “technology and financial” hub. With this, BA calls for a “systemized and graduated approach” to the management of digital assets across the country.
In line with this, BA gave several suggestions. These include immediate safe harbor provisions for crypto pr...