Australia's Securities Regulator Seeks Closer Ties To Blockchain Startups
Australia's top securities watchdog is looking to boost its engagement with companies working with blockchain by publishing new materials related to the tech. The Australian Securities and Investments Commission (ASIC) published an "information sheet" today that offers a way for businesses and startups to assess whether their uses of distributed ledgers would bring them under the agency's jurisdiction. Information Sheet 219's purpose, according to ASIC, is to spark additional dialogue between regulators and the private sector, in a bid to "fast track any discussions those....
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National Stock Exchange of Australia is now in talks with Australia's securities regulator to finalize access for its DLT system to ASX Clear, it said.
The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said.
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A UAE securities regulator, the SCA has said it is getting closer to “issuing the regulatory and supervisory framework related to virtual assets issued for investment purposes.”
In addition, the regulator revealed in a statement that it had consulted the “concerned authorities” during the development of....
The changes considered by the Australian Securities Exchange (ASX) to its listing regulations could potentially lead to early-stage technology startups including bitcoin and Fintech companies being blocked from listing on Australia’s primary securities exchange. The ASX is notable for its endeavor to explore and implement blockchain technology as its post-trade clearing and settlement solution, replacing its legacy system for increased efficiency at lowered costs. Having invested in New York-based blockchain startup Digital Asset, the ASX will see the financial blockchain solutions....
Britain’s top financial regulator, the Financial Conduct Authority (FCA), says the U.S. and U.K. will deepen ties on crypto regulation. “In the past, innovative firms would have been pleading for less regulation. Now they understand and appreciate that rules are there to help provide certainty,” said the British regulator. US and US....
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....