The debate over the safety of cryptocurrency-backed investment products has been reignited with the launch of the United States’ first Bitcoin Futures ETF. Many other countries are grappling with the nitty-gritties of approving investment products backed by unregulated and volatile digital assets. Australia happens to be one of them.
The country’s corporate financial watchdog released a new set of guidelines earlier today. It is aimed at investor protection and increased transparency. This comes within a week of a senate committee report calling on the country to introduce new laws pertaining to digital assets that would increase Australia’s stake in the global crypto competition.
The guidelines issued by the Australian Securities and
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