Government’s crypto crackdown labelled a ‘stalling tactic’
Australia will become the first country in the world to “token map” the crypto assets sector in a bid to protect investors.
Token mapping is the process of determining the characteristics of all digital tokens available in the country.
RMIT Blockchain Innovation Hub’s Dr Aaron Lane told Deborah Knight regulating cryptocurrency has been a long-time challenge.
“You can’t regulate computer code in the same way that you can regulate other types of things, but what you can do is regulate people and people’s interaction.”
He insists the recent announcement “is a stalling tactic by the government”.
Press PLAY below to hear why