RATE Group | Vague crypto regulations hinder Bitcoin adaption in Australia
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Vague crypto regulations hinder Bitcoin adaption in Australia

01 Mar Vague crypto regulations hinder Bitcoin adaption in Australia

Posted at 14:15h in Cryptocurrency News by

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Vague cryptocurrency regulations hinder Bitcoin adaption in Australia big time, and the country can see massive growth in mass adaption, chief executive officer (CEO) of Independent Reserve explains. Adrian Przelozny also happens to be the co-founder of the cryptocurrency exchange based out of Australia.

In a recent interview, Przelozny explains that the cryptocurrency market is booming in the country right from the start of 2020; however, the authorities seem to be unable to keep up with the pace of the industry.

Vague regulations hinder Bitcoin adaption in Australia

Przelozny is of the view that the regulatory unclarity is a product of one too many regulatory authorities. The very structure of regulatory clarity is laden with a number of authorities in the country. This makes the situation very vague despite the fact that the country has a good track record against anti-money laundering regulations.

Adrian believes that to ensure Bitcoin adaption in Australia, and the…

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