Australia Senate Committee Rejects Crypto Bill Proposed by Opposition Senator

Australian Central Bank Insinuates CBDC is Years Away Due to Unresolved Issue

“The Senate Committee was expected to report on this Bill over a month ago and the industry has been eagerly awaiting Treasury consultation on crypto-custody and licensing,” said Blockchain Australia Chair and Digital Assets Lawyer Michael Bacina. “That consultation should be able to build on the industry submissions published as part of the Senate Committee’s review of this Bill.”

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