Listening, Leaning In and Learning as More Good ShiFt Happens
"This is a historic moment and getting legislation right is the key! It's best we not rush, we ensure that legislators understand the tech and they get involved with not just industry and corporates but also those building and the others in the crypto community here. There is an unprecedented opportunity for government and community to work together to ensure innovation is not stifled and that the community is also protected, but under the right pretenses."
Australian DeFi Industry
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"The world of blockchain technology and cryptocurrencies is built on an ethos of collaboration and creating stronger ties with industry, community and those who build in this space. Establishing the right level of regulatory oversight is an opportunity that can be far stronger than in any other area of regulation in Australia. Treasury and related agencies will also need to consider how they can educate users and leverage the gatekeepers to separate the crypto asset industry from the gambling industry." "In considering how to design a regulatory regime that is “fit for purpose”, Treasury should consider the shifting attitudes, needs and will of the community (many of which comprise retail investors). As foreshadowed in our Historical Context above, our society locally and globally is undergoing a period of modern renaissance. The advent of crypto, NFTs, web3 and the metaverse points to a society yearning for economic, societal, environmental, political and cultural reform. Crypto technology merely happens to be the vehicle of expression for this collective desire to create more equitable, accessible and fair systems that promote the socioeconomic flourishing of many, not just a few. From such collective will has emerged distributed and decentralised technologies. Therefore, an acknowledgement of this and willingness to work collaboratively with - and be earnestly advised by industry and community - will be an important feature of an effective, coherent and pragmatic regulatory regime that is adaptable and “fit for purpose”. |
Crypto-assets for first time investors
In this episode, we discuss crypto-assets for first time investors with Hema Raman,
Crypto-Asset Coordinator at ASIC.
If you're thinking about investing in crypto-assets,
hear from ASIC on what to think about and look out for before you invest.
Originally Published 25 June 2021
"Presently, there is an opportunity for CASSPrs to provide users with education in respect of their tokens, to ensure that these users understand the various operational, custodial and financial risks involved with owning their crypto assets. This is a way to proactively increase the education of users, whilst also not limiting the capabilities of CASSPrs by simply mandating minimum standards of conduct." Australian Defi Industry
this afternoon, @CaptDeFi collated the various comments from our community and pulled together our response to the @Treasury_AU consultation paper #TeamEffort on #crypto assets. Our response is also publicly available here https://t.co/ejv1UyaqgW
— Aus DeFi Association (@AusDeFi) May 27, 2022

