7 results

Regulating crypto: Government releases consultation paper on proposed licensing and custody requirements
Insight 25 Mar 2022

The Federal Government is seeking feedback on a proposed new licensing regime for crypto asset secondary service providers (CASSPrs) and new requirements regulating custody of crypto assets. The new regime would potentially sit alongside the existing AFS licensing regime, with possible overlap and inconsistency in treatment of service providers. The Government is also seeking early views on how crypto assets should be defined and categorised as part of a 'crypto mapping' exercise. The consultation period runs until 27 May 2022. ...

Australian Senate report proposes new corporate entity in model to regulate the crypto economy
Insight 29 Oct 2021

The Senate Select Committee on Australia as a Technology and Financial Centre has released a report (the Report) which makes 12 recommendations largely focused on the 'digital asset/crypto' economy. ...

Carrots and sticks: enforcement of the Consumer Data Right
Insight 15 May 2020

The Australian Competition and Consumer Commission (ACCC) and the Office of the Australian Information Commissioner (OAIC) have published a joint Compliance and Enforcement Policy (the Policy) for the Consumer Data Right (CDR). ...

Australian Human Rights Commission proposes mandatory human rights approach for artificial intelligence
Insight 31 Jan 2020

The Australian Human Rights Commission ( AHRC ) has published a discussion paper on proposals to legislate for a human rights approach to artificial intelligence ( AI ) systems. If adopted by the ...

Peer-to-peer lending in Vietnam
Insight 30 Jul 2019

Peer-to-peer lending continues gain traction in Vietnam which continues to become a golden ground for fintech investors ...

Would you like financial services with your social network? Facebook consortium to launch new cryptocurrency
Insight 09 Jul 2019

In a bold new play, a consortium led by social media giant Facebook has announced plans to enter the financial services sector through the launch of a cryptocurrency called Libra. Both a currency and a blockchain backed payment system, the project could have a profound impact on the financial servic ...

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