Australian government will map crypto asset holdings
Move is necessary to oversee “largely unregulated” crypto sector, finance minister says
Australia’s finance ministry said it will map which digital assets are used in the country, as a first step towards effective regulation.
Australian officials are “struggling” to keep up with the crypto asset sector, finance minister Jim Chalmers said in a joint statement issued on August 22.
“Token mapping” to understand how crypto assets and related services should be regulated “hasn’t been done anywhere else in the world”, Chalmers said. “As it stands, the crypto sector is largely
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