Coinbase urges Australia to establish clear crypto regulations to stay competitive

The post Coinbase urges Australia to establish clear crypto regulations to stay competitive appeared first on Coinpedia Fintech News

Coinbase’s Chief Policy Officer, Faryar Shirzad, has urged Australian authorities to establish clear cryptocurrency regulations to stay competitive in the global race. During a Senate hearing, Shirzad stated that other jurisdictions have set time frames for regulatory frameworks, and Australia needs to act quickly to keep up. Shirzad pointed out that other countries, such as the UK, are accelerating their consultation processes to get ahead of the game. Shirzad emphasized that regulatory clarity would create a stable and resilient crypto ecosystem for investment and growth.