Joseph Longo, the chair of the Australian Securities and Investments Commission (ASIC), has been very explicit about the way he feels about cryptocurrency investments. “Being a crypto cheerleader is not part of my job description,” she said. Longo stated on Tuesday at a luncheon hosted by the Committee for Economic Development of Australia that cryptocurrency … Read more
Cryptocurrency regulators in Australia are seeking to do something that no other government has ever done before. The Australian Treasury issued a statement on Monday announcing a multi-step strategy for establishing a crypto regulatory regime that it asserts is more comprehensive and effectively than those previously developed “anywhere else in the world.” The statement refers … Read more
The Reserve Bank of Australia (RBA) has initiated a trial that will last for one full year in order to investigate the business models and novel applications of central bank digital currencies (CBDCs). The Australian central bank emphasized that the pilot project’s primary objective was to gain a deeper understanding of the regulatory, legal, and … Read more
Many markets and nations are slowly embracing the prospects of cryptocurrencies and blockchain. Unfortunately, it appears that the recent crypto winter slowed down the advancement of these technologies. However, there is still a chance that things will get better after the storm. Thankfully, there are several signs that the cryptocurrency market is still alive. Numerous … Read more