Consumer advocacy group Choice has found that one in nine Australians have bought cryptocurrencies in the past year and that number is expected to continue to rise. In a submission to the federal treasury’s consultation paper on cryptocurrency, 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”.
The treasury review of cryptocurrency was initiated by the former Coalition government and submissions to the consultation ended last week. The Labor government has yet to outline its policy on cryptocurrency.
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