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Aussie blockchain community calls for more government support around the nascent tech
Blockchain Australia CEO said there should be active consultation while representatives from RMIT said there s an opportunity for regulatory evolution around blockchain and digital assets, such as cryptocurrency.
February 15, 2021 01:04 GMT (17:04 PST) | Topic: Innovation
Blockchain Australia, the industry body representing local businesses and individuals participating in the technology, has again called on the government and regulators to provide more support for the local blockchain ecosystem.
Its CEO Steve Vallas told the Senate Select Committee on Financial Technology and Regulatory Technology, which is currently in its second round of reviewing the potential of fintech and regtech down under, that the federal government is the cornerstone of confidence creation in this sector .
Australian Government Asked To Support Blockchain By Local Community
Last Updated: 15 February 2021
Blockchain Australia stands as Australia’s industry body that represents various individuals and local businesses that take part in the use of blockchain technology in one way or another.
Recently, the industry body has made a public call to the government and its regulators, one more time. The request entails providing greater levels of support for Australia’s local blockchain ecosystem.
Urging Australia’s Committee For Pro Crypto Actions
Steve Valas stands as the CEO of Blockchain Australia, and officially gave a statement to the Senate Select Committee on Financial Technology and Regulatory Technology. This Committee, boasting a nice, long name, is in the process of its second round of revision regarding the potential both regtech and fintech holds for the country. Valas gave a statement to this Committee, declaring that the cornerstone of creating con