Big banks, investors on the verge of mainstream crypto adoption

Jessica Sier, James Eyers and Aleks Vickovich

Apr 6, 2022 – 6.54pm

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Crypto entrepreneurs are begging for the regulatory and legal certainty required for banks and investment managers to connect blockchain-based technologies with the traditional financial system and bring digital assets into the economic mainstream.

Australia’s investor and tax rules must keep pace with the rapid innovation in the $US2 trillion crypto market, as a chorus of business leaders told The Australian Financial Review Cryptocurrency Summit that an explosion of new business models and investment had grown too large to be considered fringe.

Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics.

James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay

Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation.