Tag: government

Australia’s Blockchain Ecosystem Needs More Support From Regulators, Says Industry Body
Crypto News

Australia’s Blockchain Ecosystem Needs More Support From Regulators, Says Industry Body

Australia’s blockchain and cryptocurrency companies need more support from the federal government and regulators to boost confidence within the country’s business sector, according to Steve Vallas, CEO of advocacy body Blockchain Australia.Speaking at the Senate Select Committee on Financial Technology and Regulatory Technology on Thursday, Vallas said Australia has a blockchain “base” from which it can accelerate development and that his organization is now “signaling” that the technology is something people “should be investing in.”Vallas pointed to Australia’s lack of blockchain innovation in the last few years, saying it hadn’t harmed the country’s ecosystem. However, “I think we need more signals from regulators … that they’re willing to discuss this subject matter with p...