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Crypto Giant Coinbase Presses for Swift Australian Digital Asset Regulation

Published 07/26/2023, 01:01 AM
Updated 07/26/2023, 03:15 AM
© Reuters Crypto Giant Coinbase Presses for Swift Australian Digital Asset Regulation
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  • Expert lawyers observe “mass exodus” of digital assets from Australia since mid-2022.
  • Coinbase (NASDAQ:COIN) warns Australia of falling behind global counterparts in digital asset regulation.
  • Crypto industry calls for urgent regulatory action in Australia during a public hearing on the Digital Assets bill.

The public hearing conducted by the Economics Legislation Committee on the Digital Assets (Market Regulation) bill witnessed a fervent call from the crypto industry for urgent regulatory action. Coinbase Chief Policy Officer Faryar Shirzad’s resounding message was clear — Australia risks falling behind its global counterparts in the race to regulate digital assets.

Liberal Senator Andrew Bragg revealed the critical insights shared during the recent public hearing. Several witnesses representing major blockchain and crypto companies voiced their concerns over Australia’s delayed approach to digital asset regulation.

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The post Crypto Giant Coinbase Presses for Swift Australian Digital Asset Regulation appeared first on Coin Edition.

The post Crypto Giant Coinbase Presses for Swift Australian Digital Asset Regulation appeared first on Coin Edition.

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