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Despite the ‘crypto winter’, the technology is here to stay

Australia needs to look beyond the low token prices and hold a serious inquiry into the global opportunities presented by blockchain and web3.

Sinclair Davidson and Cesare Fracassi

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Late last year, the Bragg Report suggested several important reforms to facilitate the development of a domestic crypto industry. To his credit, Senator Andrew Bragg continues to do good work in this space – he is introducing a private members bill to provide some regulatory structure to the industry. It is good to see that at least someone in Canberra has a sense of urgency.

Similarly, writing in these pages John Henderson made an argument for crypto regulation based on consumer protection.

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Sinclair Davidson is a professor of economics at the RMIT Blockchain Innovation Hub.
Cesare Fracassi is associate professor and director at the Blockchain Initiative at the University of Texas at Austin, he is also Director of Economic Research and Chief Economist of the Coinbase Institute.

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    Original URL: https://www.afr.com/companies/financial-services/despite-the-crypto-winter-the-technology-is-here-to-stay-20210525-p57v2z