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ASIC Chair Longo calls the growing demand for crypto ‘impossible to ignore’
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Joe Longo, chair of the Australian Securities and Investments Commission, or ASIC, spoke at the Australian Financial Review Super and Wealth Summit on Nov 22 at the Fullerton Hotel in Sydney.
The rise of crypto, he said, has been “nothing short of phenomenal, and impossible to ignore.”
As a corporate and markets regulator, Longo admitted to a certain fascination with decentralized autonomous organizations, or DAOs. He said that they present certain challenges for national regulators like ASIC:
Longo recognized the high consumer demand for crypto products and services in Australia, and noted that ASIC still has important decisions to make with respect to policy on the crypto space, “Wherever we land from a policy perspective [...] crypto is
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