Australian Crypto Regulation: Expert Warns of Risks in Rushing Token Mapping
Australian Crypto Entrepreneur Highlights Risks in Rushing Token Mapping
Fred Schebesta, a prominent Australian crypto investor, has praised the government's emphasis on token mapping but warned that expedited efforts could harm the economy. Schebesta's remarks underscore the delicate balance between regulatory progress and potential pitfalls in the rapidly evolving crypto landscape.
Government Prioritizes Token Mapping for Regulatory Clarity
Australian Treasurer Jim Chalmers announced on August 22 that the treasury will focus on token mapping in 2022. This initiative aims to clarify how crypto assets and related services should be regulated, addressing growing demands for regulatory clarity in the digital asset space.
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