Rushing ‘token mapping’ could hurt Aussie crypto space — Finder founder

Cointelegraph

Published Sep 22, 2022 08:00PM ET

Updated Sep 23, 2022 10:00PM ET

Australian crypto entrepreneur and investor Fred Schebesta has described the Australian government's prioritization of token mapping as “wonderful,” but warns that rushing it could lead to detrimental effects on the economy.

Schebesta's comments come after Australian Treasurer Jim Chalmers released a statement on Aug. 22 stating that the “treasury will prioritize token mapping work" in 2022 to show how “crypto assets and related services should be regulated.”

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