Australia’s central bank and Treasury have held a private meeting with international cryptocurrency industry executives to discuss the future of digital assets and regulation in the country.
Tom Duff Gordon, vice president of international policy at Coinbase, submitted an exchange of views on the Token Swap Consultation Paper released by the Treasury Department last month. Token mapping is the process of identifying key activities and functions of products in the crypto ecosystem and mapping them to the existing regulatory framework.
Gordon said that from a central bank perspective, they are interested in financial stability and the link between the fiat traditional financial system and the encrypted system, the Australian Treasury is more interested and involved in developing the framework, we believe that as we move forward, The RBA will increasingly be involved.