Australian Lawyers, Bitcoin Groups Call for Clarity on Regulation
Lawyers and bitcoin groups in Australia are joining those in other countries in calling for greater clarity on bitcoin regulation, allowing clearer direction for both businesses and consumers on how to conduct their affairs in a digital currency economy. Bitcoin now backs a business ecosystem into which hundreds of millions of investment dollars are pouring. No longer just a hobby for programmers and political activists, the fledgling industry is in need of more established structures to support those investments. There is a growing argument for such structures: lawyers in Poland this week....
Related News
The Securities Clarity Act deserves the crypto community's support because it's technology-agnostic, limited in scope and respects precedent.
Stampery, a service that certifies records and documents on the blockchain, says lawyers working with sensitive documents are one of its main user groups, according to International Business Times. The other two main groups are creatives looking to establish ownership rights and companies that generate prior art of intellectual property. Lawyers receive a lot of documents and have to do a lot of due diligence, including getting documents notarized. By using Stampery, they can drag and drop zip documents to Stampery rather than sending them in a CD to a notary. Stampery provides irrefutable....
Australia’s senate committee on technology and finance wants lawmakers to establish a national blockchain land registry. An Australian senate committee has published a report calling for a blockchain-based national land registry, better clarity over laws relating to smart contracts, and continued efforts to establish international standards for DLT.The Select Committee on Australia as a Technology and Financial Centre's second interim report offers 23 recommendations spanning blockchain, consumer data, and corporate taxation.Five recommendations deal specifically with blockchain and....
In recent events, the loans taken from Alameda Research have been scrutinized, with lawyers representing Sam Bankman-Fried, also known as SBF, seeking clarity from FTX co-founder Gary Wang. SBF Lawyers Into The Loan’s Legalities Sam Bankman-Fried, the founder of the now-defunct FTX exchange, seems to be in a tangle over the loans given out by […]
The Australian crypto industry “cannot afford to wait years for regulatory clarity,” and consumers require confidence to access crypto services, the Australian blockchain association argued. Blockchain Australia, a major association representing the local cryptocurrency industry, has officially introduced its crypto regulation recommendations to the federal government.The association filed a submission to the Senate Select Committee on Australia as a Technology and Financial Centre last Friday, calling the government to provide a safe harbor for local crypto service providers.Pointing out....