Australia could be a leader in digital assets and global hub for cryptocurrencies according to a landmark new report by a Senate committee investigating the sector’s potential.
The Senate Select Committee on Australia as a Technology and Financial Centre, chaired by Senator Andrew Bragg, is bullish on the possibilites, having investigated issues such as regulation and consumer protection, the controversial practice of “debanking”, the taxation of digital assets and even cryptocurrency with a view to making the energy intensive process more environmentally friendly.
The third and final report, tabled in the Senate on Wednesday evening, makes 12 recommendations that Senator Bragg said will drive opportunities for innovative businesses, protect consumers, and enhance Australia’s competitiveness, while also delivering a clear regulatory framework for the digital assets sector in Australia.
“Australia can be a leader in digital assets.
