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Don’t follow the US: Blockchain Aus CEO hammers ‘regulation by enforcement’....

Blockchain Australia’s new CEO Simon Callaghan hopes the Federal Government will take its cues on crypto regulation from the United Kingdom, Hong Kong, and Singapore — and definitely not the United States.

In his new position, Callaghan aims to steer crypto rule-making in the country and avoid making similar moves to the U.S. Securities and Exchange Commission — which is suing the world’s two largest exchanges and has branded at least 68 tokens as securities.

“Regulation by enforcement is the equivalent of having a hammer and seeing everything as a nail. I don’t think that’s the right approach for Australia to be taking.”

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📊 #Ethereum 's supply on exchanges continues falling to record lows, now at just 9.47%, which implies lower risk of a future selloff.

However, active deposit addresses just hit their highest level since March, implying this weekend could be #volatile

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