Simon Kennedy MP: Why Australia must act now on crypto regulation

Welcome to Crypto Corner, a BTC Markets and Ticker News collaboration where we explore the evolving world of digital assets. In this episode, BTC Markets CEO Caroline Bowler speaks with Simon Kennedy MP, Member for Cook for The Australian Liberal Party, about the critical role that clear crypto regulation will play in driving Australia's digital economy.

Kennedy highlights that while Australia ranks among the top countries globally for crypto trading activity and blockchain patents, it is falling behind due to a lack of regulatory clarity. As a result, crypto businesses are setting up overseas and taking Australian talent and innovation with them.

From licensing and custody laws to tax treatment and venture support, Kennedy outlines the key reforms needed to make Australia more blockchain-friendly. Without action, he warns, Australia risks losing its edge in a sector that is rapidly reshaping global finance.

“We’re losing those jobs, we’re losing that innovation,” he says, pointing to the increasing number of local Web3 companies moving to jurisdictions like Singapore and the US.

Kennedy also advocates for the creation of a dedicated Digital Economy Minister to provide focused leadership and ensure that Australia remains competitive in the emerging digital financial landscape.

This episode is a must-watch for anyone interested in how smart policy can foster innovation, protect consumers, and help drive economic growth.

Watch episode #1 on Ticker News.

View all episodes of Crypto Corner.

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