“To Regulate Impossible To Cancel”: The New Head of Blockchain Australia Is Trying to Put a Full Sto

The new head of Blockchain Australia, Simon Callaghan, said that the United States uses “regulation through law” regarding blockchain and cryptocurrencies and this makes it difficult for the industry to develop.

 Callaghan has called for a dedicated cryptocurrency environment to develop a regulatory approach that will encourage innovation. He stressed that the blockchain has shown its effectiveness and it still has the potential to transform the financial system.

 “The crypto community is in dire need of a signal and then people will be able to run their businesses and create jobs,” — Callaghan also mentioned in his statement the successful experience of Switzerland and Malta which have developed favorable conditions for the development of the blockchain industry and the cryptocurrency sector.

 Callaghan also announced plans to hold meetings with banks “in the near future” to understand the full picture of what is happening and expressed the following opinion: “I don’t think that all cryptocurrencies should be classified as fraudulent, you need to carefully approach this issue and study all the nuances”.

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