Hamilton Locke has made a submission to Treasury on its Regulating digital asset platforms consultation paper, which provides detailed commentary on the future regulation for the digital asset industry.
This consultation paper presents a significant opportunity to discuss what appropriate legislative frameworks are required to:
- provide regulatory certainty to support the continued growth of the industry;
- protect consumers;
- promote competitive offerings;
- facilitate technology development and innovation;
- help encourage capital flows to Australia from other jurisdictions; and
- help solidify Australia as a competitive market that can grow and attract talent.
Our submission is structured in four parts addressing:
- Key issues and challenges with the proposed approach in the Consultation Paper and proposes potential solutions for Treasury’s consideration;
- Areas not covered by the Consultation Paper and our recommendations;
- Future areas for consideration and our recommendations; and
- Responses to the specific questions asked by Treasury in the Consultation Paper.
You can read our submission here.
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Hamilton Locke’s Funds and Financial Services team are technical specialists that have a broad and deep understanding of blockchain technology, cryptocurrencies and digital assets, exchange, Decentralised Autonomous Organisations (DAO), alternate platforms and cryptocurrency products and service offerings.
Our knowledge of cryptocurrencies and digital assets, combined with our traditional financial services expertise, is market leading. We use our industry knowledge and expertise to deliver practical, compliant, and innovative solutions for our clients. We have worked with cryptocurrency and digital asset exchanges, miners, cryptocurrency and digital asset payment businesses, cryptocurrency and digital asset platforms, DAOs and token issuers to design innovative and compliant offerings.
For more information, please contact Jaime Lumsden, Michele Levine or Nicholas Pavouris.
