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Australian Senator Says Clear Crypto Regulations Will be Introduced Within a Year

Amy Liu

Summary: Andrew James Bragg, Australia’s senator for New South Wales, said he expects the country to establish clear crypto rules in the next 12 months. He recently acknowledged that cryptocurrency enthusiasts in the country are very eager to receive regulations on their activities in the country. In an official statement on Tuesday, Bragg noted that a ...

Andrew James Bragg, Australia’s senator for New South Wales, said he expects the country to establish clear crypto rules in the next 12 months. He recently acknowledged that cryptocurrency enthusiasts in the country are very eager to receive regulations on their activities in the country.

In an official statement on Tuesday, Bragg noted that a clear and comprehensive regulatory framework for digital assets will increase market stability, among other things.

Bragg, who is currently serving as the chairman of the Senate Select Committee on Australia as a Technology and Financial Center, said the country’s crypto sector has grown even more eager for robust regulation as the industry progresses to the mainstream adoption stage.

By Amy Liu

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