The newly announced CEO of BlockchainAUS wants to ensure Australian regulators and lawmakers draw inspiration from Hong Kong and Singapore, not the US.
Blockchain Australia’s new CEO Simon Callaghan hopes the Federal Government will take its cues on crypto regulation from the United Kingdom, Hong Kong, and Singapore — and definitely not the United States.
His appointment comes after nearly a year of limbo following the departure of former CEO and industry advocate Steve Vallas in July 2022. The CEO role was briefly filled by Laura Mercurio in September last year, but she parted ways with the organization just weeks later over a difference of vision, effectively leaving Australia’s blockchain industry without an advocate for the better part of a year.
“Everyone wants to know where the goalposts are so people can operate their businesses, build their technologies and create jobs."unlike American regulators and the Biden administrationThe Treasury has a “token mapping exercise” underway to determine how to classify various digital assets ahead of any legislation, which isn’t expected until at least 2024.
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