The Australian Senate’s Select Committee on Australia as a Technology and Financial Centre (ATFC) has today presented its final report outlining its recommendations for a clear regulatory framework for the digital assets sector in Australia.
The report includes a total of 12 recommendations, including the establishment of legal structures to recognize decentralized autonomous organizations (DAOs).
The Select Committee on Australia as a Technology and Financial Centre has presented its final report https://t.co/x7bxPRUNMm
— Australian Senate (@AuSenate) October 20, 2021
Based on advice from crypto firms and organizations including Swyftx, Ripple, R3, and Blockchain Australia, the authors of the document stressed that „any future regulatory framework should be technology-agnostic, and should not explicitly or otherwise endorse any particular technology.”
In practical terms, this means that financial services using digital assets should not be treated differently from traditional fina
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