Dear Director,
RE: Regulating Digital Asset Platforms – Proposal
Paper
Thank you for the opportunity to provide feedback on
Treasury's Regulating Digital Asset Platforms Proposal Paper
(the Proposal Paper).
As set out in our response to Treasury's 'Token
mapping' and 'Regulating crypto asset secondary service
providers' consultation papers,1 we support
improvements to the regulatory framework for the crypto ecosystem
in Australia. Appropriate regulation will be critical to providing
regulatory certainty to digital asset businesses and improving
consumer confidence in the sector.
We support expanding the existing financial services and
consumer credit regulatory regime to improve regulation of the
crypto ecosystem. We have provided feedback on the proposed
regulatory regime below.
