đš Australia's crypto scene is buzzing after ASIC's recent comments! đš
At a crypto summit, ASIC's Alan Kirkland declared many crypto assets as financial products, sparking fears of tighter regulations. This has industry leaders like Amy-Rose Goodey and Fred Schebesta worried about companies fleeing to friendlier shores like Dubai and Singapore. đ
Michael Bacina urges urgent industry consultation to avoid a regulatory mess similar to the U.S. SEC. What do you think? Is ASIC's approach too harsh or just right? Drop your thoughts below! đ #CryptoNews #Blockchain