With the skyrocketing uptake of cryptocurrency among Australian retail investors, the government is seeking to change its consultation approach to the regulation of cryptocurrency assets. As a part of this new approach, Treasury will prioritise “token mapping” work as the first step in a reform agenda. This aims to identify how cryptocurrency assets and related services should be regulated. Work i s then expected to commence in other areas such as a licensing framework, custodian obligations and additional consumer safeguards.
Click to read our article: Crypto reforms: change in consultation approach. (0.70 MB PDF)