Government Still Sees Blockchain As “Wild West” Says Blockchain Australia
Blockchain Australia is displeased with the way its government is treating the crypto industry locally. According to the association, the government is judging the industry through malicious scammers and actors who’re tarnishing its image through their activities. Blockchain Australia believes that the authorities should engage with the industry to develop regulations that’ll fit all purposes. Blockchain Australia Engages The State There has been a lot of discussions between the association and the State in recent times. The Australian government has been reviewing the importance of....
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The industry body has accused the government of leaning into narratives about malicious actors and scams, rather than engaging with the blockchain space to establish fit-for-purpose regulation. Blockchain Australia, an association representing the local crypto industry, has warned that the country has fallen behind on the regulatory front due to the undue persistence of a dismissive “wild west” narrative.The association has been proactive in its engagement with the state in recent months, as the government continues to review the future of blockchain and fintech and regulation in the....
Commissioner for the U.S. SEC Hester Peirce, more commonly know in the industry as Crypto Mom gave a speech for the Texas Blockchain Summit. Therein, she talked about some statements from the SEC Chair Gary Gensler comparing Bitcoin and cryptocurrencies with the “Wild West”. If government wants to bring law to crypto, it should behave […]
Crypto as an industry seems to be coming out of a “Wild West” zone to be completed regulated and control by every major agency and regulator around the globe. A sector falsely thought to lack regulations, crypto investors know the opposite is the truth rule. Related Reading | Singapore Authority Gives Crypto Licenses To DBS And […]
Tether (USDT) now has an advantage over USD Coin (USDC). As a result, Circle’s dollar-pegged stablecoin, USDC, lost one of its largest leveraging stances to its main competitor, USDT. Coinbase, one of the prominent players in crypto exchange, has made a crucial change on the USD Coin page. The crypto exchange placed the change on its website. Related Reading | Vitalik Buterin Urges Ethereum To Grow Beyond DApps This was in response to an audit that exposed that a few USDC’s reserves were not held in cash. The audit discovery contradicts the statement that every USDC has a....
According to ZDNet, the postal service in Australia is looking into developing blockchain platforms to ease into the global acceleration of digital identity services. Australia’s Postal Service Sees 3 Major Use-Cases. Announcing the news at the Technology in Government conference, Rick Wingfield, an Australia Post Accelerator partner, described three....