Australian regulator seeks ‘regulatory perimeter’ targeting blockchain space
Business
Australia’s chief financial regulator intends to support the digital currency sector, despite highlighting the large number of scams affecting investors in the space.
The Australian Securities and Investments Commission (ASIC) said that while it was challenging to regulate new and emerging technologies such as digital currency, it would continue to work to “maintain, facilitate and improve the performance of [Australia’s] financial system and the firms that operate within it,” as a central part of its function.
ASIC commissioner Cathie Armour said in a panel during the Australian Blockchain Week the regulator remained interested in how digital currency could improve the operation of the wider financial system.