Australian crypto executives have urged caution over lumping all digital assets in the same boat as financial products, after recent comments from Australia’s assistant treasurer on the matter.
Assistant Treasurer and Minister for Financial Services Stephen Jones gave an
In September, Australian crypto entrepreneur and investor Fred Schebesta warned that rushing the token mapping could be problematic for the industry.
The intricacies of token mapping are not clear and Australia’s “fledgling” crypto industry needs to “align with the other major markets and their regulations,” he added.
Crypto lobby group Blockchain Australia concurred, arguing at the time that if all crypto assets were treated as financial products, it would harm crypto sector investment and innovation, and result in the loss of industry-related jobs.
