Australia’s central bank and the Treasury have held private meetings with international cryptocurrency industry executives to discuss the future of digital assets and regulation in the country, CoinDesk reported March 15.
Coinbase vice president of international policy Tom Duff Gordon submitted a submission to the Treasury’s consultation paper released last month on token mapping, the process of identifying the key activities and functions of products in the crypto ecosystem and mapping them to existing regulatory frameworks.
Gordon said, "From a central bank perspective, they are interested in financial stability and the connection between the fiat traditional financial system and the crypto system. The Australian Treasury is more interested and involved in developing the framework, and we believe that the RBA will become more and more involved as we move forward."