Blockchain development in Australia overseen by eight regulatory bodies | ZDNet

Fintech startups and financial institutions looking to develop blockchain or distributed ledger technology (DLT) in Australia may be required to meet regulatory requirements laid out by eight separate government bodies.

Currently, the Australian Securities and Investments Commission (ASIC), the Reserve Bank of Australia (RBA), the Australian Tax Office, the Australian Prudential Regulation Authority, the Australian Competition and Consumer Commission, the Office of the Australian Information Commissioner, the Australian Transaction Reports and Analysis Centre, and the Digital Transformation Agency all hold certain regulatory powers over the country’s financial services sector and its use of blockchain.

More at: Blockchain development in Australia overseen by eight regulatory bodies | ZDNet

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