The Australian government has announced a big step towards regulating bitcoins and other cryptocurrencies – what does this mean for the future of the digital assets?
ASIC's plan to have enforcement staff work in banks is an important shift in oversight, says UNSW Professor Pamela Hanrahan from UNSW Business School. Tougher penalties for misconduct might be next.
It seems ASIC and the Director of Public Prosecutions will have no lack of evidence to pursue civil penalties and criminal cases. The bigger issue is what charges to go with.
Professor Pamela Hanrahan and Professor Dimity Kingsford Smith are among the experts who will advise the panel investigating ASIC’s enforcement powers.
To protect financially vulnerable Australians we need to improve financial resilience skills and ensure payday lending regulations are both strong and enforced, write Kristy Muir, Fanny Salignac and Rebecca Reeve.
