Market observers believe that the new Prime Minister of Australia, Anthony Albanese, should prioritize addressing climate change, the rising cost of living, and the regulation of cryptocurrencies as some of the most important policy concerns in his first 100 days in office.
Albanese assumes leadership at a time when families are suffering the effects of rising inflation. Caroline Bowler, chief executive officer of BTC Markets, told Bloomberg:
For the cryptocurrency market, “the primary concern would be to put together the appropriate regulatory regime for the marketplace, but also to leave room for innovation.”
It is anticipated that the Australian government will continue the work that it has already begun concerning the regulation of cryptocurrencies.
On that note, Bowler added:
“There is a real opportunity for the government to assist with innovation and support it, relating to the significant role that financial services play in the Australian economy, but also its position globally.”
Expert says government needs to offer investment incentives
CURATED FROM:
Major, J. (2022, May 23). Crypto regulation high on the agenda for Australia’s new prime minister. Finbold. Retrieved May 25, 2022, from https://finbold.com/crypto-regulation-high-on-the-agenda-for-australias-new-prime-minister/
