Treasury inquiry told ‘crypto is high-risk and unsophisticated investors are at high risk of losing significant funds’
Consumer groups have called for strong financial regulation of cryptocurrency markets and investments in Australia, saying crypto assets are “complex, volatile and high-risk products that can cause harm to Australian consumers.”
In a submission to the federal treasury’s consultation paper on cryptocurrency, consumer group Choice has urged the federal government to “strongly consider regulating all crypto assets under the existing financial product regulatory regime for better outcomes for consumers and the community”.
Sign up to receive an email with the top stories from Guardian Australia every morning
Continue reading…
Treasury inquiry told ‘crypto is high-risk and unsophisticated investors are at high risk of losing significant funds’
Get our free news app; get our morning email briefing
Consumer groups have called for strong financial regulation of cryptocurrency markets and investments in Australia, saying crypto assets are “complex, volatile and high-risk products that can cause harm to Australian consumers.”
In a submission to the federal treasury’s consultation paper on cryptocurrency, consumer group Choice has urged the federal government to “strongly consider regulating all crypto assets under the existing financial product regulatory regime for better outcomes for consumers and the community”.
Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading…Technology | The Guardian