אויסטראַליע ס פינאַנציעל וואַטשדאָג יקספּאַנדז מאַנשאַפֿט צו בעסער רעגולירן קריפּטאָ

Australian Securities and Investments Commission (ASIC) increased the size of its crypto team, די גאַרדיאַן ריפּאָרץ, after the popular blockchain shifted from a דערווייַז פון אַרבעט (PoW) צו אַ דערווייַז-פון-פלעקל (PoS) סיסטעם.

The change has prompted U.S. Security and Exchange Commission Chairman Gary Gensler to זענען that PoS-based tokens could be classified as securities. 

עטהערעום איז אונטער באנייט דורכקוק following last week’s צונויפגיסן event, as the ASIC looks set to decide on whether the market’s second-largest cryptocurrency is subject to its oversight.

Should ASIC decide to bring PoS tokens like Ethereum, קאַרדינאָ, און סאָלאַנאַ under its remit, crypto exchanges could be forced to either delist them or start complying with more stringent regulatory requirements.

This would include applying for financial services licenses and showing that these platforms also hold significant liquidity in reserve.

Such a move might force some crypto firms to adjust their operating models, as even טעטהער, the market’s largest stablecoin, has been מירעד in controversy over its alleged failure to hold enough dollar reserves to back its stablecoin.

While the regulator hasn’t yet issued a final decision, its executive director for markets, Greg Yanco, told די גאַרדיאַן that ASIC will not be a “cheerleader for crypto assets.” 

קריפּטאָ אין אויסטראַליע

Research carried out by SEC Newgate for ASIC last November געוויזן that 44% of retail investors in Australia reported holding crypto, and only 20% of them viewed crypto as high-risk. 

In response, ASIC chair Joe Longo האט the regulator was “concerned that there are limited protections for crypto-asset investments given they have become increasingly mainstream and are heavily advertised and promoted. There is a strong case for regulation of crypto-assets to better protect investors.”

Yanco further said that crypto had not been a big priority for the regulator until last year.

But as the crypto downturn took hold and wiped out investors’ money around the globe early this year, ASIC expanded its team, making crypto one of its “core strategic projects.”