News / 30.11.2021

Cryptocurrency and digital assets are approaching something of a tipping point, finding increasing adoption from mainstream institutional players, including major banks, investment funds and other traditional finance players. Government and regulators have thus far declined to introduce any legislation specifically targeted at crypto-assets, instead relying on existing financial services legislation to regulate the space. As a consequence, the regulatory and legal status of the crypto-asset market remains in a state of relative uncertainty. Regulators now appear to have crypto-assets firmly in their sights. ASIC has recently sought to clarify the existing law and guidance around crypto-assets, and further parliamentary reform appears...