ASIC, Australia’s monetary watchdog, has introduced a brand new four-year plan prioritizing shopper safety towards digital scams, together with cryptocurrency-related frauds.
ASIC, the Australian Securities and Investments Fee, has unveiled a brand new four-year technique geared toward shielding shoppers and companies from digital scams, together with these involving cryptocurrencies.
Chair Joe Longo indicated that whereas ASIC has made strides since outlining its priorities final yr, there’s ongoing work. The regulator is adapting to shifts in sustainable finance, the digital financial system, and the challenges an growing old inhabitants poses.
Longo additionally talked about that ASIC carefully displays how rising applied sciences like AI might affect companies and shoppers.
Australia has been usually favorable towards digital currencies. The nation has each embraced and controlled cryptocurrencies, most notably by exempting them from Items and Providers Taxes.
The Australian Central Financial institution has been actively researching and creating within the crypto house, specializing in Central Financial institution Digital Currencies (CBDCs).
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