On October 20, 2021, Senate Committee for Australia as a Technology and Financial Centre issued its eagerly awaited recommendations on how cryptocurrency should regulate. Twelve recommendations were the focus of the 168-page, final report. It is strikingIt is possible to strike the perfect balance between creating legitimacy and allowing for innovation.

This is a landmark report that demonstrates Australia’s clear efforts to put itself at the forefront of crypto investment globally. The chair of the committee, Senator Andrew Bragg, believes that “Australia can be a leader in digital assets” and is confident that it can particularly “be competitive with Singapore, the UK and the US.”