A clear principles-based regulatory approach to the digital assets sector could be a huge benefit to the Australian economy according to the report.
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A clear principles-based regulatory approach to the digital assets sector could be a huge benefit to the Australian economy according to the report.
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The commissioner warnes that vulnerabilities seen within the crypto markets are similar to those seen during the global financial crisis and calls for the agency to be given additional authority.
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The commissioner said the potential of blockchain and cryptocurrency to change existing markets necessitates a new retail investor protection office similar to that of the SEC.
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