Crypto Industry Demands Regulation as Banks Refuse to Do Business

Crypto Industry Demands Regulation as Banks Refuse to Do Business
A Bitcoin cryptocurrency symbol over an Australian flag and electronic components. Tierney / Adobe Stock
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Australia’s cryptocurrency industry has called for government intervention after banks have continued to refuse to provide services to the sector.

In a series of submissions to a Senate inquiry over Australia’s future as a technological and financial hub, cryptocurrency exchanges have unanimously called for a regulatory regime that will instead bolster the nation’s rapidly evolving digital asset industry.

Daniel Khmelev
Daniel Khmelev
Author
Daniel Khmelev is an Australian reporter based in Perth covering energy, tech, and politics.
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