Australian Regulator: Blockchain Acquisitions Could Face Scrutiny
Australia's biggest banks might need approval for any future blockchain acquisitions, according to a key business regulator in the country. Speaking with Reuters, Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims remarked that as domestic banks pursue opportunities in fintech including blockchain, it might spark the need for more active oversight from regulators like his agency. More specifically, the ACCC might have to get involved if major banks start buying up startups that might otherwise compete with them or other institutions. The comments come as Australia....
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