Anjelica Balis

May 24, 2024 | lexology.com | Alice Molan |Anjelica Balis |Devlin Greatbatch Murphy

The next instalment of ASIC’s crypto enforcement series has resulted in the Federal Court determining that the ‘Qoin Wallet’ issued to store and transact crypto asset ‘Qoin’ was a non-cash payment facility (NCPF). With many digital asset platforms offering crypto wallets or wallet functionality, what does this mean for the regulatory perimeter and how does this decision tie into ongoing regulatory reforms on digital assets and payments?

Jan 14, 2024 | lexology.com | Alice Molan |Charlotte Henry |David Curley |Tony Coburn |Julia Massarin |Anjelica Balis

The current status of regulatory reformThe regulation of digital assets has been a topic of fierce debate in Australia and around the world in recent years. Alongside international developments in relation to the approach to regulating digital assets, Australian Government reviews have found that the risks associated with digital assets means that regulation is necessary. However, it is also a priority that this regulation is approached in a manner that promotes innovation.