Ripple has released an article (https://ripple.com/insights/australia-proposes-a-unique-approach-to-digital-asset-regulation/) titled "Australia Proposes a Unique Approach to Digital Asset Regulation"
What's interesting:
🟢Ripple believes Australia's proposed framework is an example of how governments can regulate the digital economy while encouraging innovation.
🟢Switzerland and the United Arab Emirates have already positioned themselves as digital asset hubs, offering regulatory clarity.
🟢The UAE was one of the first countries in the world to consider blockchain applications at the government level and has since become a pioneer in this field.
🟢The EU MiCA is another example of regulatory clarity.
🟢Australia has its own unique legal framework, built on the regulation of activities, rather than on the definition of assets.
🟢However, Australia has struggled to make progress on finalising its digital asset reform proposal, leading to a disconnect between Australia and international financial centres.
❗️ Interestingly, Ripple has had some influence on digital asset policy in Australia, with recommendations (https://t.me/rippleweb/2453) from Ripple used in government reports, and former Ripple CEO Dileep Rao heading up the pilot (https://t.me/rippleweb/4038) of Australia's CBDC #XRP 🤝*** Support the author Favorite XRP token: rJu2tsxQngnBi2n1UYj3WoDt4f8Pmnd5wz Memo 932390456
