ASIC and Singapore Collaborate on Fintech and Bitcoin Regulation

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Bitcoin and Fintech are dual areas where law will play a vital purpose in a entrance years. The Australian Securities and Investments Commission has reached out to a Monetary Authority of Singapore to make certain regulatory measures do not impede a expansion for Fintech and Bitcoin.

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Regulation is Important to Bitcoin and Fintech Companies

Like many other countries in a world, Australia wants to encourage financial innovation, as good as give homegrown startups a fighting possibility for success abroad. With a Fintech and Bitcoin sectors both pushing creation to a new level, it usually creates clarity financial regulators are personification tighten courtesy to a record in these industries.

At a same time, it is of a pinnacle significance for regulators to safeguard they do not suppress creation either. There is a skinny line to travel between being too kindly and too oppressive regulation, and partnership in this space is direly needed. This is because it is notable how a ASIC and a MAS are in talks already, and both parties are utterly vehement about a destiny collaboration.

Greg Medcraft, ASIC chairman, will

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