Australia: Treasury to conduct “token mapping” work for cryptoasset regulatory framework
A public consultation paper on “token mapping” will be released soon.
Cryptoasset regulatory framework
Treasury announced that it will prioritize “token mapping” work in 2022, which will help determine how cryptoassets and related services should be regulated.
According to the announcement, the “token mapping” will aim to identify notable gaps in the regulatory framework, progress work on a licensing framework, review innovative organizational structures, look at custody obligations for third-party custodians of cryptoassets, and provide additional consumer safeguards.
In addition, a public consultation paper on “token mapping” will be released soon.
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