“Australia’s token mapping exercise is the first of its kind by a national government, going back to first principles to understand crypto and map it to an existing regulatory framework,” said Angela Ang, senior policy adviser at blockchain intelligence firm TRM Labs and former regulator at the Monetary Authority of Singapore. However, the biggest question was how Australia would tackle Decentralized Finance (DeFi), Ang added.
Source: https://www.coindesk.com/policy/2023/02/03/australia-releases-token-mapping-consultation-paper-plans-to-reveal-crypto-rule-framework-in-2023/?utm_medium=referral&utm_source=rss&utm_campaign=headlines