Blockchain Australia says gov't still dismissing industry as a 'wild west'
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....
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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....
On June 6, the Web3 entertainment company Gala Games announced that the Wild West-focused battle royale blockchain game Grit will soon be available via the Epic Games Store and accessible to 194 million users. The well known company Epic Games is the producer of the Unreal Engine and the popular online video games Fortnite and Gears of War.
Blockchain-Powered Grit Gets Added to the Epic Games Store — Gala Games Exec Says Epic Listing Brings Legitimacy to This New Genre of Gaming
The Epic Games Store currently hosts a blockchain video game called Grit, a Wild West-based....
Following up on an article in which the United States Consumer Financial Protection Bureau (CFPB) was aiming to give bitcoin more attention comes a potentially controversial statement from the Bureau's Director, reports The Hill. The watchdog bureau is waving the flags of caution for those who may be interested in getting involved with the digital currency, or any other cryptocurrency, adding these emerging payment forms carry "significant risks." "Virtual currencies may have potential benefits, but consumers need to be cautious and they need to be asking the right questions," said CFPB....
A nine-month blockchain initiative assessing the cost and time efficiency of the two countries’ digital verification systems has been deemed a success. The Australian Border Force (ABF), Infocomm Media Development Authority of Singapore (IMDA) and Singapore Customs, along with other industry representations, have concluded a blockchain trial project analyzing the status of the countries’ digital verification systems in issuing and verifying trade documents.The collaborative venture was a part of the Australia–Singapore Digital Economy Agreement — an initiative designed to increase the....
Giracoin, a new cryptocurrency with a focus on ease of use and wide adoption, has been launched by Gira Financial Group AG in Switzerland. The developers hope to start a “digital cryptocurrency transformation”, by creating a coin which is exceptionally friendly to a first-time user and is run by a legitimate company, to facilitate cooperation with the government. The Wild West of cryptos. Government regulation and usability have been hot topics in the cryptocurrency industry since its very inception. Whenever a question is raised as to whether the cryptocurrencies and businesses which make....