The lack of crypto regulatory clarity in Australia is the only thing left standing in the way of the industry, says Coinbase APAC Managing Director John O’Loghlen.
Coinbase APAC managing director John O’Loghlen says Australian policymakers and TradFi firms simply haven’t woken up to the level of innovation emerging out of the country’s crypto sector.
“It’s really important that we get this clarity in legislation around digital assets so that the sector can be properly funded and give the VC community and other investors certainty around it so that we can keep building the next Illuvium or Immutable.”and an informal regulatory meeting with policymakers at the Blockchain APAC Summit in March — he says it’s still lagging behind a huge uptick in retail and institutional demand for crypto.
The first is from an increase in interest in self-managed retirement funds divesting into crypto, which O’Loghlen said were considerable, despite being small relative to the size of their portfolio.
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