Blockchain Regulation in Australia
Blockchain technology, which is the basis for secure crypto currency exchanges, is becoming more recognised and accepted as the next generation of internet technology, but there has been limited control and regulation in the course of its development. But this is about to change. The Australian Government is set to be the first in the world to tame the Wild West of the crypto currency goldrush. It will be the first to introduce a virtual stocktake with Token Mapping, for certain crypto assets to counteract scams and dodgy dealings.
Professor Barney Tan, Head of the School of Information Systems and Technology Management at UNSW Business School, joined 2Ser to explain what this regulation means for blockchain in Australia.