Binance Australia's General Manager Expresses Confidence in Australian Regulators' Approach to Digital Asset Regulations
Summary:
Binance Australia's General Manager expresses confidence in Australian regulators' ability to make informed decisions on digital asset regulations. Despite recent challenges faced by Binance Australia, the exchange remains focused on restoring banking ties and serving its Australian customers. The discussions between industry representatives and regulators indicate positive engagement towards finding a solution.
Binance Australia's General Manager, Ben Rose, expressed confidence in Australian regulators' ability to make informed decisions regarding digital asset regulations in the country. Speaking at the Intersekt Fintech conference, Rose acknowledged the hard work and expertise of government officials in formulating crypto policies. Despite recent challenges faced by Binance Australia, including regulatory searches and banking blocks, Rose remains optimistic about the future. The exchange is actively working towards restoring banking connections and reintroducing fiat ramp services to its one million Australian customers. Rose emphasized the importance of Australia's decision-making process regarding crypto regulations and praised the engagement between industry representatives and regulators. While aware of the challenges ahead, Rose hopes for a prompt resolution.
Published At
9/1/2023 2:45:40 AM
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