cz_binance on Nostr: More positive policy developments. Last week, @Treasury_AU - the Australian Treasury, ...
More positive policy developments.
Last week, @Treasury_AU - the Australian Treasury, kicked off their “Making Crypto Safer for Consumers” series of consultations, starting with their token mapping consult.
Some reflections 🧵
This is a step in the right direction.
Adopting a risk-based approach is key for Australia’s community of crypto businesses and users, unlocking more opportunities, creating jobs, and fostering innovation.
Regulation, done correctly, can be a huge benefit for the space.
It should provide clarity and confidence for users and service providers, making adoption a faster process.
Binance Australia @Binance_AUS is already regulated by AUSTRAC and ASIC, and we'll be one of the first to operate under the reformed regulations from this effort.
Last week, @Treasury_AU - the Australian Treasury, kicked off their “Making Crypto Safer for Consumers” series of consultations, starting with their token mapping consult.
Some reflections 🧵
This is a step in the right direction.
Adopting a risk-based approach is key for Australia’s community of crypto businesses and users, unlocking more opportunities, creating jobs, and fostering innovation.
Regulation, done correctly, can be a huge benefit for the space.
It should provide clarity and confidence for users and service providers, making adoption a faster process.
Binance Australia @Binance_AUS is already regulated by AUSTRAC and ASIC, and we'll be one of the first to operate under the reformed regulations from this effort.