General Manager of Coinbase Asia Pacific: Australian policymakers and TradFi companies have not yet realized the level of innovation in the country's crypto industry
2024-04-22 06:09:20
John O'Loghlen, Managing Director, Asia Pacific, Coinbase, said that Australia is ready for the next wave of cryptocurrency "unicorns" (startups valued at $1 billion), but will not emerge until there is more clarity on cryptocurrency regulation. Australian policymakers and TradFi companies are not yet aware of the level of innovation in the country's crypto industry. It is important that we clarify legislation on digital assets so that the industry can receive appropriate funding and provide certainty to the venture capital community and other investors so that we can continue to build the next Illuvium or Immutable.
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