To date, it has been broadly unregulated despite ATO estimates that over 1 million Australians have interacted with the crypto ecosystem in some way since 2018, and findings by the ACCC’s Scamwatch that more than half of financial losses to scams are crypto-related.
The federal Treasurer Jim Chalmers recently announced the process would start with “token mapping” analysis, which will group types of crypto assets based on their technological features and underlying code.
Read more at Accountants Daily
