Giant

Coin

<ul class="news-points"> 
 <li><strong>Expert lawyers observe “mass exodus” of digital assets from Australia since mid-2022.</strong></li> 
 <li><strong>Coinbase warns Australia of falling behind global counterparts in digital asset regulation.</strong></li> 
 <li><strong>Crypto industry calls for urgent regulatory action in Australia during a public hearing on the Digital Assets bill.</strong></li> 
</ul> 
<p>The public hearing conducted by the Economics Legislation Committee on the <a href="https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/DigitalAssetsBill2023" target="_blank" rel="noopener noreferrer nofollow">Digital Assets (Market Regulation) bill</a> witnessed a fervent call from the crypto industry for urgent regulatory action. Coinbase Chief Policy Officer Faryar Shirzad’s resounding message was clear — Australia risks falling behind its global counterparts in the race to regulate digital assets.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">The <a href="https://twitter.com/AuSenate?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@AuSenate</a> Economics Committee is conducting an inquiry into the Digital Assets (Market Regulation) bill. Watch live from 10am Sydney time: <a href="https://t.co/FcAKjFr3lU" target="_blank" rel="noopener noreferrer nofollow">https://t.co/FcAKjFr3lU</a> <a href="https://t.co/rnQsR4VPy4" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/rnQsR4VPy4</a></p>— Senator Andrew Bragg (@ajamesbragg) <a href="https://twitter.com/ajamesbragg/status/1683623506951675905?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 24, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Liberal Senator Andrew Bragg revealed the critical insights shared during the recent <a href="https://www.aph.gov.au/News_and_Events/Watch_Read_Listen" target="_blank" rel="noopener noreferrer nofollow">public hearing</a>. Several witnesses representing major blockchain and crypto companies voiced their concerns over Australia’s delayed approach to digital asset regulation.</p> 
<p><a href="https://coinedition.com/tag/coinbase-news/" rel="noopener noreferrer nofollow">Coi…</a></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/crypto-giant-coinbase-presses-for-swift-australian-digital-asset-regulation/">Crypto Giant Coinbase Presses for Swift Australian Digital Asset Regulation</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Crypto Giant Coinbase Presses for Swift Australian Digital Asset Regulation

Coin Edition

Other articles published on Jul 25, 2023

Our partner, Komoverse, has successfully listed and launched their $KOMO token on the Coinstore!

Surge in XRP Whale Numbers Following Landmark Ruling in the US

Will Uwerx Influence Tokens Like Axie Infinity and Monero?

Binance to Launch Compliant Local Exchange in Japan in August

Market Frictions And Price Delays In Cryptocurrency Markets

CRT Stock Showed Bullish Trend in Weekly Price Analysis

Join our free newsletter for daily crypto updates!