Blockchain Australia says gov t still dismissing industry as a wild west
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Australia Stagnating in Crypto Progress, Says Blockchain Australia
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Kylie Minogue.
Located on the southern coast of Australia, Melbourne wasn’t founded until almost 50 years after Sydney, but it quickly became the wealthiest place in the world during the Gold Rush, from the 1850s to 1880s. It’s a very multicultural city, with the 10th-largest immigrant population globally. The city also ranks at number 27 on the Global Financial Centers Index and is home to the
Australian Rules football code, the
Australian Grand Prix and the
Australian Open. It was the filming location for the first Mad Max film alongside
Chopper and
Animal Kingdom. Politically, Melbourne is more left-wing than any other city in the country and is home to the union movement.
Crypto start-ups call for âsafe harbourâ protections from ASIC actions
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Start-ups building on blockchain technology are seeking a âsafe-harbourâ to ensure the corporate regulator down the track doesnât smack entrepreneurs for breaching what are now very uncertain legal requirements.
In a submission to the Senate inquiry on Australia as a finance and technology centre, Blockchain Australia said creating a short-term protection while a specific licensing regime for crypto businesses is created over the longer-term would show support for the nascent sector and stop entrepreneurs decamping to countries where laws are clearer.
Blockchain Australiaâs submission to a Senate inquiry calls for clear regulatory guidance to provide confidence to build without fear of ASIC retaliation. Â