Businessman Mark Carnegie has painted a lurid picture of the cryptocurrency bull market of the past few years, accusing the sector of making “common cause with criminals and scumbags”.
He welcomed plans by the federal government to subject crypto exchanges and digital asset platforms to existing Australian financial services laws and require platform operators to obtain an Australian Financial Services Licence.
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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
