\n

Bragg criticized the senate committee\u2019s decision, saying that the Australian government had put crypto regulation in the slow lane. He says the bill initiates a serious step for a comprehensive crypto regulatory framework amid slow steps in the sector.<\/p>\n\n\n\n

In February, PM Anthony Albanese introduced token mapping<\/a>, a consultative framework for foundational actions in crypto regulations. However, the crypto ecosystem maintains a legal ambiguity as the country has yet to offer a sound regulatory direction. 
<\/p>\n","post_title":"Australia\u2019s Crypto Regulations Hits A Snag As Senate Turns Down Andrew Bragg Proposals","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-crypto-regulations-hits-a-snag-as-senate-turns-down-andrew-bragg-proposals","to_ping":"","pinged":"","post_modified":"2023-09-09 00:28:21","post_modified_gmt":"2023-09-08 14:28:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13275","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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\n

The rejection happens when Australia battles the idea of regulating its cryptocurrency market<\/a> amid concerns that it may stifle sector investments. Bragg called the government for the delay, saying, \"Australians will pay the price.\" <\/em><\/p>\n\n\n\n

Bragg criticized the senate committee\u2019s decision, saying that the Australian government had put crypto regulation in the slow lane. He says the bill initiates a serious step for a comprehensive crypto regulatory framework amid slow steps in the sector.<\/p>\n\n\n\n

In February, PM Anthony Albanese introduced token mapping<\/a>, a consultative framework for foundational actions in crypto regulations. However, the crypto ecosystem maintains a legal ambiguity as the country has yet to offer a sound regulatory direction. 
<\/p>\n","post_title":"Australia\u2019s Crypto Regulations Hits A Snag As Senate Turns Down Andrew Bragg Proposals","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-crypto-regulations-hits-a-snag-as-senate-turns-down-andrew-bragg-proposals","to_ping":"","pinged":"","post_modified":"2023-09-09 00:28:21","post_modified_gmt":"2023-09-08 14:28:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13275","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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\n

Australia\u2019s Caution on Crypto Regulation<\/h2>\n\n\n\n

The rejection happens when Australia battles the idea of regulating its cryptocurrency market<\/a> amid concerns that it may stifle sector investments. Bragg called the government for the delay, saying, \"Australians will pay the price.\" <\/em><\/p>\n\n\n\n

Bragg criticized the senate committee\u2019s decision, saying that the Australian government had put crypto regulation in the slow lane. He says the bill initiates a serious step for a comprehensive crypto regulatory framework amid slow steps in the sector.<\/p>\n\n\n\n

In February, PM Anthony Albanese introduced token mapping<\/a>, a consultative framework for foundational actions in crypto regulations. However, the crypto ecosystem maintains a legal ambiguity as the country has yet to offer a sound regulatory direction. 
<\/p>\n","post_title":"Australia\u2019s Crypto Regulations Hits A Snag As Senate Turns Down Andrew Bragg Proposals","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-crypto-regulations-hits-a-snag-as-senate-turns-down-andrew-bragg-proposals","to_ping":"","pinged":"","post_modified":"2023-09-09 00:28:21","post_modified_gmt":"2023-09-08 14:28:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13275","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

In the report, the senators said Bragg's bill missed detail and certainty while contradicting the government's approach. The senators also faulted Bragg\u2019s draft for lacking consistency with international regimes, bringing regulatory arbitrage, and being harmful to the industry.<\/p>\n\n\n\n

Australia\u2019s Caution on Crypto Regulation<\/h2>\n\n\n\n

The rejection happens when Australia battles the idea of regulating its cryptocurrency market<\/a> amid concerns that it may stifle sector investments. Bragg called the government for the delay, saying, \"Australians will pay the price.\" <\/em><\/p>\n\n\n\n

Bragg criticized the senate committee\u2019s decision, saying that the Australian government had put crypto regulation in the slow lane. He says the bill initiates a serious step for a comprehensive crypto regulatory framework amid slow steps in the sector.<\/p>\n\n\n\n

In February, PM Anthony Albanese introduced token mapping<\/a>, a consultative framework for foundational actions in crypto regulations. However, the crypto ecosystem maintains a legal ambiguity as the country has yet to offer a sound regulatory direction. 
<\/p>\n","post_title":"Australia\u2019s Crypto Regulations Hits A Snag As Senate Turns Down Andrew Bragg Proposals","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-crypto-regulations-hits-a-snag-as-senate-turns-down-andrew-bragg-proposals","to_ping":"","pinged":"","post_modified":"2023-09-09 00:28:21","post_modified_gmt":"2023-09-08 14:28:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13275","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 30 31 32 33 34 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The committee shared its deliberations on September 4, rejecting Bragg\u2019s proposals. The lawmakers recommended the government \"continue to consult with industry on the development of fit-for-purpose digital assets regulation in Australia.\"<\/em><\/p>\n\n\n\n

In the report, the senators said Bragg's bill missed detail and certainty while contradicting the government's approach. The senators also faulted Bragg\u2019s draft for lacking consistency with international regimes, bringing regulatory arbitrage, and being harmful to the industry.<\/p>\n\n\n\n

Australia\u2019s Caution on Crypto Regulation<\/h2>\n\n\n\n

The rejection happens when Australia battles the idea of regulating its cryptocurrency market<\/a> amid concerns that it may stifle sector investments. Bragg called the government for the delay, saying, \"Australians will pay the price.\" <\/em><\/p>\n\n\n\n

Bragg criticized the senate committee\u2019s decision, saying that the Australian government had put crypto regulation in the slow lane. He says the bill initiates a serious step for a comprehensive crypto regulatory framework amid slow steps in the sector.<\/p>\n\n\n\n

In February, PM Anthony Albanese introduced token mapping<\/a>, a consultative framework for foundational actions in crypto regulations. However, the crypto ecosystem maintains a legal ambiguity as the country has yet to offer a sound regulatory direction. 
<\/p>\n","post_title":"Australia\u2019s Crypto Regulations Hits A Snag As Senate Turns Down Andrew Bragg Proposals","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-crypto-regulations-hits-a-snag-as-senate-turns-down-andrew-bragg-proposals","to_ping":"","pinged":"","post_modified":"2023-09-09 00:28:21","post_modified_gmt":"2023-09-08 14:28:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13275","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 30 31 32 33 34 85

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Bragg\u2019s March bill, The Digital Assets (Market Regulation) Bill 2023, offered recommendations for regulating stablecoins<\/a>, exchange licensing, and crypto custody requirements. The proposed regulations sought to protect Australian consumers and promote crypto investments. <\/p>\n\n\n\n

The committee shared its deliberations on September 4, rejecting Bragg\u2019s proposals. The lawmakers recommended the government \"continue to consult with industry on the development of fit-for-purpose digital assets regulation in Australia.\"<\/em><\/p>\n\n\n\n

In the report, the senators said Bragg's bill missed detail and certainty while contradicting the government's approach. The senators also faulted Bragg\u2019s draft for lacking consistency with international regimes, bringing regulatory arbitrage, and being harmful to the industry.<\/p>\n\n\n\n

Australia\u2019s Caution on Crypto Regulation<\/h2>\n\n\n\n

The rejection happens when Australia battles the idea of regulating its cryptocurrency market<\/a> amid concerns that it may stifle sector investments. Bragg called the government for the delay, saying, \"Australians will pay the price.\" <\/em><\/p>\n\n\n\n

Bragg criticized the senate committee\u2019s decision, saying that the Australian government had put crypto regulation in the slow lane. He says the bill initiates a serious step for a comprehensive crypto regulatory framework amid slow steps in the sector.<\/p>\n\n\n\n

In February, PM Anthony Albanese introduced token mapping<\/a>, a consultative framework for foundational actions in crypto regulations. However, the crypto ecosystem maintains a legal ambiguity as the country has yet to offer a sound regulatory direction. 
<\/p>\n","post_title":"Australia\u2019s Crypto Regulations Hits A Snag As Senate Turns Down Andrew Bragg Proposals","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-crypto-regulations-hits-a-snag-as-senate-turns-down-andrew-bragg-proposals","to_ping":"","pinged":"","post_modified":"2023-09-09 00:28:21","post_modified_gmt":"2023-09-08 14:28:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13275","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 30 31 32 33 34 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Australia\u2019s cryptocurrency industry may have to wait longer for the much-anticipated market regulations and guidance. This comes as the Senate Economics Legislation Committee rejected<\/a> the cryptocurrency bill by opposition Senator Andrew Bragg. <\/p>\n\n\n\n

Bragg\u2019s March bill, The Digital Assets (Market Regulation) Bill 2023, offered recommendations for regulating stablecoins<\/a>, exchange licensing, and crypto custody requirements. The proposed regulations sought to protect Australian consumers and promote crypto investments. <\/p>\n\n\n\n

The committee shared its deliberations on September 4, rejecting Bragg\u2019s proposals. The lawmakers recommended the government \"continue to consult with industry on the development of fit-for-purpose digital assets regulation in Australia.\"<\/em><\/p>\n\n\n\n

In the report, the senators said Bragg's bill missed detail and certainty while contradicting the government's approach. The senators also faulted Bragg\u2019s draft for lacking consistency with international regimes, bringing regulatory arbitrage, and being harmful to the industry.<\/p>\n\n\n\n

Australia\u2019s Caution on Crypto Regulation<\/h2>\n\n\n\n

The rejection happens when Australia battles the idea of regulating its cryptocurrency market<\/a> amid concerns that it may stifle sector investments. Bragg called the government for the delay, saying, \"Australians will pay the price.\" <\/em><\/p>\n\n\n\n

Bragg criticized the senate committee\u2019s decision, saying that the Australian government had put crypto regulation in the slow lane. He says the bill initiates a serious step for a comprehensive crypto regulatory framework amid slow steps in the sector.<\/p>\n\n\n\n

In February, PM Anthony Albanese introduced token mapping<\/a>, a consultative framework for foundational actions in crypto regulations. However, the crypto ecosystem maintains a legal ambiguity as the country has yet to offer a sound regulatory direction. 
<\/p>\n","post_title":"Australia\u2019s Crypto Regulations Hits A Snag As Senate Turns Down Andrew Bragg Proposals","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-crypto-regulations-hits-a-snag-as-senate-turns-down-andrew-bragg-proposals","to_ping":"","pinged":"","post_modified":"2023-09-09 00:28:21","post_modified_gmt":"2023-09-08 14:28:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13275","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 30 31 32 33 34 85

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • Bragg's bill sought clarity and offered guidelines to Australia\u2019s crypto sector.<\/li>\n<\/ul>\n\n\n\n

    Australia\u2019s cryptocurrency industry may have to wait longer for the much-anticipated market regulations and guidance. This comes as the Senate Economics Legislation Committee rejected<\/a> the cryptocurrency bill by opposition Senator Andrew Bragg. <\/p>\n\n\n\n

    Bragg\u2019s March bill, The Digital Assets (Market Regulation) Bill 2023, offered recommendations for regulating stablecoins<\/a>, exchange licensing, and crypto custody requirements. The proposed regulations sought to protect Australian consumers and promote crypto investments. <\/p>\n\n\n\n

    The committee shared its deliberations on September 4, rejecting Bragg\u2019s proposals. The lawmakers recommended the government \"continue to consult with industry on the development of fit-for-purpose digital assets regulation in Australia.\"<\/em><\/p>\n\n\n\n

    In the report, the senators said Bragg's bill missed detail and certainty while contradicting the government's approach. The senators also faulted Bragg\u2019s draft for lacking consistency with international regimes, bringing regulatory arbitrage, and being harmful to the industry.<\/p>\n\n\n\n

    Australia\u2019s Caution on Crypto Regulation<\/h2>\n\n\n\n

    The rejection happens when Australia battles the idea of regulating its cryptocurrency market<\/a> amid concerns that it may stifle sector investments. Bragg called the government for the delay, saying, \"Australians will pay the price.\" <\/em><\/p>\n\n\n\n

    Bragg criticized the senate committee\u2019s decision, saying that the Australian government had put crypto regulation in the slow lane. He says the bill initiates a serious step for a comprehensive crypto regulatory framework amid slow steps in the sector.<\/p>\n\n\n\n

    In February, PM Anthony Albanese introduced token mapping<\/a>, a consultative framework for foundational actions in crypto regulations. However, the crypto ecosystem maintains a legal ambiguity as the country has yet to offer a sound regulatory direction. 
    <\/p>\n","post_title":"Australia\u2019s Crypto Regulations Hits A Snag As Senate Turns Down Andrew Bragg Proposals","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-crypto-regulations-hits-a-snag-as-senate-turns-down-andrew-bragg-proposals","to_ping":"","pinged":"","post_modified":"2023-09-09 00:28:21","post_modified_gmt":"2023-09-08 14:28:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13275","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 30 31 32 33 34 85

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Australia's senate committee has rejected Senator Andrew Bragg's crypto regulation bill.<\/li>\n\n\n\n
  • Bragg's bill sought clarity and offered guidelines to Australia\u2019s crypto sector.<\/li>\n<\/ul>\n\n\n\n

    Australia\u2019s cryptocurrency industry may have to wait longer for the much-anticipated market regulations and guidance. This comes as the Senate Economics Legislation Committee rejected<\/a> the cryptocurrency bill by opposition Senator Andrew Bragg. <\/p>\n\n\n\n

    Bragg\u2019s March bill, The Digital Assets (Market Regulation) Bill 2023, offered recommendations for regulating stablecoins<\/a>, exchange licensing, and crypto custody requirements. The proposed regulations sought to protect Australian consumers and promote crypto investments. <\/p>\n\n\n\n

    The committee shared its deliberations on September 4, rejecting Bragg\u2019s proposals. The lawmakers recommended the government \"continue to consult with industry on the development of fit-for-purpose digital assets regulation in Australia.\"<\/em><\/p>\n\n\n\n

    In the report, the senators said Bragg's bill missed detail and certainty while contradicting the government's approach. The senators also faulted Bragg\u2019s draft for lacking consistency with international regimes, bringing regulatory arbitrage, and being harmful to the industry.<\/p>\n\n\n\n

    Australia\u2019s Caution on Crypto Regulation<\/h2>\n\n\n\n

    The rejection happens when Australia battles the idea of regulating its cryptocurrency market<\/a> amid concerns that it may stifle sector investments. Bragg called the government for the delay, saying, \"Australians will pay the price.\" <\/em><\/p>\n\n\n\n

    Bragg criticized the senate committee\u2019s decision, saying that the Australian government had put crypto regulation in the slow lane. He says the bill initiates a serious step for a comprehensive crypto regulatory framework amid slow steps in the sector.<\/p>\n\n\n\n

    In February, PM Anthony Albanese introduced token mapping<\/a>, a consultative framework for foundational actions in crypto regulations. However, the crypto ecosystem maintains a legal ambiguity as the country has yet to offer a sound regulatory direction. 
    <\/p>\n","post_title":"Australia\u2019s Crypto Regulations Hits A Snag As Senate Turns Down Andrew Bragg Proposals","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australias-crypto-regulations-hits-a-snag-as-senate-turns-down-andrew-bragg-proposals","to_ping":"","pinged":"","post_modified":"2023-09-09 00:28:21","post_modified_gmt":"2023-09-08 14:28:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13275","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 30 31 32 33 34 85

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n