Australian Senators pushing for country to become the next crypto hub
Cointelegraph
Published Oct 23, 2021 01:21AM ET
Updated Oct 24, 2021 03:00AM ET
On Oct. 20, the Australian Senate Committee delivered a groundbreaking report calling for a complete overhaul of crypto legislation and licensing in the country. But, will it achieve its aim of transforming Australia into an international blockchain hub and providing a model for other countries to follow?
Top-down governmental responses to innovation have always been questioned by entrepreneurs. Right now in crypto land as institutional investment flows steadily in and decentralized finance (DeFi) use cases and products have continued to flourish over the past 18 months, many crypto companies are begging for further regulatory clarity.
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Written By: Cointelegraph
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