Australia’s largest bank says regulators are holding up almost a decade’s worth of experimentation in digital asset projects that could pave the way for real-time settlement of transactions across industries.
Commonwealth Bank of Australia managing director of blockchain and digital assets Sophie Gilder said regulators are under-resourced and cannot properly assess “innovative products” like those in the crypto space.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
