BREAKING: (IJCH) First the Philippines, Now Australia - Cryptocurrency to Be Treated As a Prominent Trading Market!
IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinions and Musings)
From the Author:
I am JaiChai.
And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now.
Two days ago I wrote this:
The last line was:
With respect to all things crypto, I truly hope more countries follow the Philippine's lead...
Now, it's like "Deja Vu"...
BREAKING: Australia - Cryptocurrency to Be Treated As a Prominent Trading Market!
In 2018 alone, fintech has brought in >$675 million into Australia.
Since the trend appears to be ramping up, the Australian Securities and Investments Commission (ASIC), has published a corporate plan for Australia's economic future.
Similar to the Philippine SEC, ASIC intends to regulate the over 15 cryptocurrency exchanges and treat the crypto trading space as a prominent market.
In other words, ASIC would treat the crypto trading market just like a securities market; creating a “regulated market infrastructure” applicable to crypto exchanges.
In its a corporate plan for 2018–2022, released Friday, the Australian Securities and Investments Commission (ASIC) outlined its areas of focus for the period. Top of that list is to continue "monitoring threats of harm from emerging products" such as ICOs and cryptocurrencies.
Australia’s primary securities regulator is focusing efforts to keep a close eye on the cryptocurrency sector, including ICOs, as part its corporate action plan for 2018-19.
Having stressed in April that it would keep an “open mind” to cryptocurrencies and initial coin offerings (ICOs) domestically, the Australian Securities and Investments Commission (ASIC) pinned harmful threats from the sector as its first “focus area” to be monitored in its corporate plan for 2018-2022.
Mighty Kind of You for stopping by.
Truly hope to see you again!
About the Author
Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.
In spite of a fear of heights and deep water, he performed high altitude, free-fall parachute jumps and hazardous diving ops in deep, open ocean water.
After 24 years of active duty, he retired in Asia.
Since then, he's been a full-time, single papa and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency - plus more hobbies too boring or bizarre for most folk).
He lives on an island paradise with his teenage daughter, longtime girlfriend and three dogs.